Word: vastness
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Dates: during 1950-1959
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...back on its feet (TIME, Nov. 29), and eleven of its trading nations, accounting for three-quarters of its imports from North America, are quietly dismantling their restrictions on free trade. In some cases (e.g., Benelux) controls have been removed on almost 90% of all dollar imports. The vast sterling area, which accounts for 40% of all world trade, is slowly and cautiously approaching the day when the pound (and with it, most other currencies) will be declared freely convertible into dollars...
State Department planners have accepted as a target M.I.T.'s cautious estimate that, once started, World Partnership for Growth would make possible an overall 1% annual increase in income per capita for the underdeveloped nations of the world. Considering the poverty and vast size of the populations involved, this is no mean target. But it is easily within the giant capabilities...
...reveals the earnings or losses over a stated period of time and the financial condition of the enterprise at the end of the period. This interpretation is no longer in most cases for the use of a single owner-manager. Modern corporate business new derives its capital from a vast number of stock-holders and bondholders. These are the real owners to whom financial reports, prepared or verified by independent, unprejudiced certified public accountants, must be submitted. It was this necessity that created the profession--the need of a completely unbiased interpretation and opinion from an independent authority...
...Smoking," the scientist said, "is the leading important feature that the vast majority of the lung cancer patients have in common. We owe it to ourselves," he continued, "to ponder carefully whether as individuals we wish to smoke cigarettes and run the risk of cancer...
...Thursday soliciting fifty-cent pieces from passersby. Each person who gives will be responsible for shifting fourteen pounds of surplus food from the nation's overcrowded storerooms to foreign stomachs. For the Foreign Operations Administration has made a special agreement with CARE which will dent the nation's vast food reserve, improving foreign relations as well as cutting a food storage budget which is four times the cost of running Congress...