Word: sweden
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Dates: during 1950-1959
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...economic strength, many a European nation felt confident enough to lower some of its trade barriers and chop away red tape. The Common Market (West Germany, France, Italy, The Netherlands, Belgium and Luxembourg) in its first year was such a resounding success that Britain, Portugal, Switzerland, Austria, Norway, Sweden and Denmark formed their own Outer Seven trading area to enjoy the benefits of mass markets and freer trade. Said a Common Market official in Brussels: "At the start, the politicians were for European unity, and the businessmen were very skeptical. But now it is the businessmen who are enthusiastic about...
...Belgium, Denmark, France, West Germany, Greece, Italy, The Netherlands, Norway, Sweden, Switzerland, Britain, Yugoslavia...
...when Erlander's Finance Minister submitted his new budget, reiterating Erlander's promise not to raise taxes, he did not explain how the government could cover its expected $490 million budget deficit without an inflationary increase in Sweden's soaring national debt (up from $2.4 billion in 1951 to $3.8 billion in 1958). Committed to a $90 million increase in welfare benefits (to $876 million) and unwilling to cut the $540 million for defense, Erlander had to abandon his tax-free dream. To the Riksdag he proposed a most unsocialistic solution: a 4% turnover (sales...
...N.A.M.'s new president was born in Gothenburg, Sweden in 1897, emigrated to the U.S. in 1910. Completing grammar school in Holyoke, Mass., Bannow went to work as an apprentice patternmaker in 1911 at 6½? an hour ("I was grossly underpaid"). In 1919 he shipped around the world for a year as a coal stoker on a freighter ("I had to get that phase out of my system"). At 30, he bought Bridgeport Pattern and Model Works with "$80 and a $3,000 loan,'1 changed its name to Bridgeport Machines, Inc., and went to work manufacturing...
...Magician (Swedish). A Kafkan swirl of flesh and symbols by Sweden's Writer-Director Ingmar Bergman...