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...Russian iron ore for their new $1.5 billion steel plant rising at Kosice, the Czechs have had to sign a contract to supply the Russians with mining machinery to help boost Soviet ore production. So prickly, in fact, are the hedges between COMECON partners that in the pipeline network now being laid to carry Volga oil to East German, Czech and Hungarian factories, each country builds and owns the part within its territory. "There is no charity among Communists," says a Czech official. "Business is business...

Author: /time Magazine | Title: Foreign News: The Rise of COMECON | 7/4/1960 | See Source »

...years, they have watched it shrink in artistic importance almost in proportion to its growth as a tourist attraction. They suspect that art is not so much the object as attention-getting shock appeal, and the scramble for one of the four $3,200 "official" prizes that automatically boost an artist's prices on the international art exchange. Said Milan's Corriere Lombardo: "The Biennale has lost its artistic heritage; it is of interest now only as a kind of stockmarket speculation...

Author: /time Magazine | Title: Art: Brickbat Biennale | 7/4/1960 | See Source »

...voters praised Ike's "dignity" in the face of the Khrushchev tirade, and three out of four were in favor of larger defense expenditures. Most people were sticking to their original, presummit choice for the presidency; Vice President Nixon, because of his experience, got a "small boost" out of increased concern about...

Author: /time Magazine | Title: POLITICAL NOTES: View from the Summit | 6/20/1960 | See Source »

...weekly minimum pay raise of $7.50 for actors in the first year of a four-year contract, increasing to $14 by 1963. Equity had demanded an immediate $11.50 boost. Minimum rehearsal pay was raised from $75 to $82.50 a week, will reach...

Author: /time Magazine | Title: BROADWAY: Bought Peace | 6/20/1960 | See Source »

...boost sales in the U.S., which last year passed the $1 billion mark, Britain is depending principally on the tried and tested. On display is the Rolls-Royce Conway by-pass jet engine, already powering newer models of both the DC-8 and Boeing 707. Sales of nonelectrical machinery jumped last year to $125 million, replacing Scotch as Britain's second largest export item to the U.S. Machinery manufacturers, trying harder than ever, were showing an extremely wide range of machines at the Coliseum from those that counted currency to those that made cigarettes...

Author: /time Magazine | Title: FOREIGN TRADE: The Princely Sales Pitch | 6/20/1960 | See Source »

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