Word: westernness
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Dates: during 1960-1969
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...Boston & Maine R.R. 200% Comsat 166% King's Department Stores 155% Sunshine Mining 139% Fluor Corp. 133% Erie-Lackawanna R.R. 130% Chicago & North Western R.R. 127% Evans Products 121% Chicago Great Western R.R. 119% I-T-E Circuit Breaker...
...Western capitalists have lately become so eager to deal with the Communists that the question of trade has taken on a new dimension: instead of merely selling goods, Western businessmen are sending whole factories and generous credits eastward. Western Europe is leading the trend, but last week the U.S. also shuffled itself into some important East-West deals...
Pepsi for Communists. East Germany, whose Stalinist warts long made it a wallflower in the eyes of Western businessmen, is being wooed by everyone from the torrid Latins to the cool Scandinavians. In the past two months it has signed new trade pacts with France, Denmark and Italy. France, in fact, is aiming to overtake West Germany as the biggest dealer with Communism. Two months ago, Finance Minister Valéry Giscard d'Estaing signed a treaty to double trade with Russia to $700 million over the next five years; next month he will talk to Bulgaria...
West German businessmen, who lifted their East-West business well above $1 billion last year, grumble that they could have done even better if their government had allowed them to offer long-term credits as other Western Europeans have begun to do. German tycoons have raised such a howl that the Cabinet promises to re-examine its tough line later this month. And Britain, which opened the gates to easy credit last year by giving the Czechs up to twelve years to pay for two fertilizer plants, hailed another breakthrough last week. It won its first order to build ships...
While the Communists want Western goods, they are even more interested in buying the technology that capitalism produces so well. Western businessmen, in addition to turning handsome profits on the sale of plants and processes, gain entree to the East for sales of other goods. Moreover, if Eastern Europe's drift toward capitalism continues, the Communists may be willing some day to let Western businessmen invest in the East. On the upper levels of the Hungarian government, there was talk last year of inviting Conrad Hilton in to build and manage a hotel in Budapest. Though that idea fell...