Word: traded
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Dates: during 1960-1969
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Undertone of Alarm. In most of its negotiations, Moscow is placing heavy emphasis on trade and barter. The reason is plain: the whole East Bloc is suffering from a severe shortage of consumer goods as well as hard currency to buy them. West Germany, on the other hand, has become Europe's strongest nation economically. What is not so clear is why the Soviet Union and its satellites are pressing so urgently for negotiations on other issue-most notably an overall European security treaty and other agreements that renounce the use of force. One reason may be that Moscow...
...junta has threatened some members, notably Britain, West Germany and Italy, with trade reductions. Pipinelis recently staged a well-publicized meeting with the Soviet ambassador to Athens, going out of his way to bill it as "more than just routine." Some officials also warned that Greece might review its "excessive contribution to Europe's defense." There is little real chance, however, that Greece will leave NATO-if only because the U.S., which lobbied against the Council's disciplinary measures, is expected to swallow its dislike of the regime shortly and resume full military aid to Athens, which...
Mountain Refuge. Militia training has been stepped up everywhere. Visitors to the recent Canton trade fair report that a huge tunnel complex has been built beneath the city that will enable downtown residents to flee to the relative safety of White Cloud Hill nine miles away. Washington discounts rumors that the Chinese have chiseled an elaborate command post out of 12,000-ft. mountains in Szechwan province as a refuge for Chairman Mao Tse-tung and his deputy Lin Piao in the event of an attack. But U.S. sources have been told that underground headquarters have been dug in almost...
...years to lend savor to bland food and give it a "meaty" taste. Japanese chemists discovered in 1908 that an active ingredient of the seaweed is MSG. Not only many Americans but some Orientals as well suffer a sensitivity reaction to MSG-sold in the U.S. under the trade name Ac'cent-and virtually all such sensitive people will react to an excessive dose with discomforting, if temporary allergic symptoms. After recent outbreaks of this "Chinese restaurant syndrome," New York City's department of health has instructed cooks to use MSG sparingly, but no one knows what precise...
...more adroitly timed to take advantage of favorable prices. Government regulatory agencies might abolish minimum rates for freight shipments and other transportation, and permit competition to take over again. Oil-import quotas, which cost gasoline consumers at least $4 billion a year, could be revised or scrapped. Fair-trade laws, which place floors under the prices of some goods, might also be repealed. These are the sort of moves that economists as far apart as Walter Heller and Milton Friedman agree should be made...