Word: abroad
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Dates: during 1960-1969
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...mainland in 1949, U.S. businessmen may engage in nonstrategic trade with China. Though the ban on direct commercial import of Chinese goods remains, U.S. firms are free to buy Chinese products, and sell their own to China, through foreign-based subsidiaries or through intermediaries in other countries. U.S. citizens abroad will be able to bring back unlimited quantities of Chinese-made items, which will be subject only to normal tourist duties...
...Private U.S. investment abroad passes $100 billion, double the 1960 level...
...Isolated abroad and at home, the Kremlin will have to send troops to put down riots in Russian cities, thus "hastening the collapse of the army." Eventually, one final jolt-a battlefield defeat, a disturbance in Moscow-will topple the regime...
Help from Abroad. Foreign Minister Bourguiba, son of the founder and President of Tunisia, has spent most of his time since the flood pleading for foreign assistance. Morocco, France and the U.S. sent helicopters that brought food and medical personnel to isolated areas and flew stranded families out. The U.S. also allotted nearly $1,000,000 and West Germany $2,500,000 in loans and grants. French, Belgian, Dutch and Spanish engineers are already at work rebuilding rail lines and restoring the water system. Russia dispatched $20,000 worth of blankets, food and medicine and a message of sympathy...
...cope with myriad matters of public policy. On the question of the international monetary system, Friedman for nearly two decades has been urging the adoption of freely moving exchange rates instead of fixed rates. Now, after a series of monetary crises and devaluations, central bankers in the U.S. and abroad are giving serious study to a modified form of the idea. As early as 1942, Friedman began advocating a negative income tax as a substitute for the nation's demeaning and generally ineffective welfare system. The Nixon Administration this year asked Congress to provide a minimum income for every American...