Word: canada
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Dates: during 1950-1959
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...heavy is total U.S. investment in Canada ($4.2 billion in the past five years) that it now equals almost half the gross national product. Canadians rejoice in the boom that the money brings-but they are increasingly uneasy about the implications. CAN WE SURVIVE u.s. INVESTMENT? asked a recent headline in Toronto's Financial Post, Canada's most influential business newspaper...
...gave a blunt answer to the question. Such fears, he told the Toronto Board of Trade, came as a "shock and a surprise" to Americans, who have been "perhaps somewhat naively proud" of the part U.S. capital has played in the economic development of friendly nations -and particularly in Canada's postwar boom. Since 1953, he said, for every dollar withdrawn from Canada as an investment profit, U.S. firms have reinvested more than $2 in Canada's long-term growth. They have paid $450 million yearly in Canadian income taxes, built up some of Canada's most...
...with economic vassals," snapped the Toronto Star. "Canadians are perfectly aware that U.S. capital comes in here because this is a profitable country in which to invest, not for altruistic reasons. U.S. capital dominates many key Canadian industries. What this means is that the making of economic decisions affecting Canada lies far too often in non-Canadian hands." Said the Financial Post: "Canadians wonder whether they can call their country their own when outsiders own so much...
...first time since 1920, the Harmsworth Cup, symbol of world supremacy in powerboat racing, left the U.S. as Canada's Miss Supertest Ill, owned by Jim (Supertest gasoline) Thompson of London, Ont, defeated Maverick, owned by Phoenix Millionaire (oil, cattle) Bill Waggoner. In winning the cup, Miss Supertest set a new course record of 104.098 m.p.h...
Against the Evidence. The wonder was that Jones did not get into more trouble than he did. In his mid-20's he entered into a seven-year relationship with a woman he identifies only as Loe. They lived openly together and traveled in Europe, Canada and the U.S. as man and wife. Indirectly, it was Jones's conversion to psychoanalysis that ended this partnership. Loe became emotionally ill, went to Freud to be analyzed-and, as a result, broke off with Jones...