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Newspaper
Dothan Eagle
Location
Dothan, Alabama, United States of America
Date
Aug 11, 1949
Page
10
Mexico faces a tangled postwar economy with debt, dollar shortages, and slumping exports. Officials consider reviving oil production as a quick export boost while strained trade and reduced refined imports press Mexico to act. The effort mirrors wider British and global economic adjustments after wartime surges.
The Wolverton Committee urged a 470 million loan to Mexico to develop oil, but Pemex negotiations faltered after Mexico expropriated U.S. properties years ago. U.S. officials weigh guarantees and shifts in Oil resource strategy amid a global surplus and limited appetite for financing Mexican refining and pipelines.
Budapest becomes whole for the first time in over four years as Bade and Pest are joined across the Danube. The destroyed suspension bridge has been rebuilt using a floating crane, restoring the city’s historic link.
New Delhi India three persons injured after a villager in Kashmir found a heavy iron object in a field and took it to a blacksmith for shaping. The smith identified it as a crude bomb and advised disposal. The villager threw it away through a door causing the explosion and injuries to bystanders.
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