Word: importance
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Dates: during 1950-1959
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...outlaw cartels. But in the past six months, slackening European demand for coal, plus U.S. competition, has stacked up 30 million tons of unsold coal (TIME, March 2 et seq.). Fortnight ago, when the High Authority of the community ordered its members to restrict the production and import of coal, France, Germany and Italy rejected this supranational solution in favor of individual national measures...
...Announced that he was setting up a federal interagency committee to study problems of the import-harassed U.S. textile industry, expects a report before the beginning of Congress' 1960 session...
...live from agriculture. Population density is only 24 to the square mile (v. 54 in the U.S.), but millions go hungry. Farm productivity per man-hour is less than one-fifth that of the U.S., food output barely keeps pace with population, and most of the 20 countries must import food...
...other self-indulgences institutionalized by Demagogue Juan Perón. Item: per capita gross national product had remained stationary for four years. Item: though Argentina ranked ninth in the world in oil reserves, the inefficient, 37-year-old national oil monopoly forced it to spend $300 million annually to import petroleum and refined products...
...Burdened? The U.S. has done much. Last year the lending power of the Export-Import Bank (which does 40% of its business in Latin America) was boosted from $5 billion to $7 billion. The U.S. agreed before last week's meeting to contribute a major share in the initial $1 billion capitalization of a new Inter-American Development Bank. But the U.S.'s Delegate Thomas Mann, Assistant Secretary of State for Economic Affairs, pointing to "the very heavy burden which the American taxpayer today bears in order to create a defensive shield...