Word: boost
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...outstripping supply, imports have climbed so high that France's trade balance showed a $575 million deficit during the first seven months of 1956 v. $49 million surplus last year. Financiers argue that France should devalue its franc (officially 350 to the dollar, actually 405 and up) to boost exports, and take drastic steps to clean economic house. But France so far has shown little talent for house cleaning. How long will West Germany wait for France and Britain to put their financial houses in order? As German trade and financial security grows stronger, the situation will only...
M.I.T.'s President James R. Killian, following the lead of the University's Nathan M. Pusey and Radcliffe's Wilbur K. Jordan, asserted yesterday that his school's funds are "critically inadequate," and need an income boost of at least two million dollars a year...
FREIGHT RATES will go up for second time in year if railroads have their way. After getting 6% rate hike from Interstate Commerce Commission last March, roads want another 15% boost to improve and maintain equipment in face of rising costs. Cost to shippers, if ICC approves increase: about $1 billion annually...
PIPELINE EXPANSION by the Tennessee Gas Transmission Co. will add 25% to its Eastern supplies if Federal Power Commission approves. At cost of $166 million, Tennessee Gas wants to add 1,085 miles of new pipe and a series of bigger compressor stations to boost capacity of 2,200-mile system running from Texas to New England by 456 million cu. ft. daily, bring it to nearly 2.5 billion cu. ft. capacity...
...waterway's real importance. Enormous industries today stand bound together by a water highway carrying 41 million tons of freight some 7 billion ton-miles annually-more tonnage over a greater distance than either the Kiel or the Panama Canal. Touching every major Gulf port, it has helped boost New Orleans into the nation's No. 2 seaport, transformed Houston from an inland city into one of the busiest U.S. ports, handling $500 million worth of waterway cargo alone last year, including everything from autos to seashells. The waterway has also opened up the Gulf's vast...