Word: builders
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...Clint Murchison and still 83% owned by U.S. gas and oil interests. Some of the opponents of the loan held out for a public-owned pipeline; others demanded that the money be lent to a Canadian company. The government stuck to its argument that Trans-Canada was the only builder with the equipment and know-how to begin the pipeline this year. Four times during the angry debate, the Liberals invoked the detested, rarely used closure rule to ram the measure through...
Died. Jesse Holman Jones, 82, Texas tycoon, big builder (of Houston skyscrapers), publisher (Houston Chronicle; circ. 596,000), longtime (1932-45) head of Reconstruction Finance Corp., wartime (1940-45) U.S. Secretary of Commerce; in Houston. As overlord of RFC and a dozen other New Deal agencies in the Depression '30s, massive (6 ft. 3 in., 200 Ibs.), granite-faced Jesse Jones saved many a bank, railroad and factory from disaster, made money for the Government by insisting, with a small-town banker's care, on rock-sound collateral before certifying a federal loan. Jones was dropped by Franklin...
...home buyer today knows pretty well what he wants. Panic buying is gone. The market is now dominated by the couple who have lived in. or own, a house and want a better home. These people know what was wrong with the old one." In these words, Chicago Builder George Goldman summed up a growing problem for housebuilders. More and more home buyers are finding things wrong with the general run of houses on the market, demanding better value. In Washington fortnight ago, 103 specially chosen U.S. women were invited by the Housing and Home Finance Agency to list some...
...roaring in. To meet its requirements, Rentschler's United Aircraft put together United Airlines as the first coast-to-coast carrier, pioneering a new era of transportation. The Government made Rentschler give up his airline, but nothing could stop him from turning into the greatest airplane-engine builder. In World War II his United Aircraft Corp. made 363,610 Pratt & Whitney engines, nearly 50% of the total U.S. aircraft horsepower. By concentrating on piston engines to help win the war, P & W had to cut itself off from experience in the newer jet-power plants. Thus most competitors were...
...Rome Palmiro Togliatti, facing a lethargic Italian Communist National Council meeting, swept his arms towards a picture of Stalin hanging on a marble column, shouted: "They say we have dethroned a saint. I say to them we have never had saints ... He has conquered his place in history ... as builder and defender of Socialist society...