Word: interims
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Missiles are really interim weapons. This is because both nations have them. Man will always seek the ultimate weapon. And you know what this is? The ultimate weapon is what the other fellow doesn't have. A Piper Cub would take care of the entire Roman army; one machine gun could have eliminated the hordes of Attila. These are ultimate weapons. And so would the control of space be. Man must establish the principle of the freedom of space as he has done with freedom of the seas. And like everything else, we can only establish this from...
Simple Questions. As the committee gathered in closed session, Texan Johnson pulled out of his pocket his proposed interim statement, already drafted. There he argued not with Republican members, but with Missouri's presidency-bound Democrat Stuart Symington, who nagged insistently for a hard-swinging attack on the Administration for its defense shortcomings. At length, Johnson (well aware that his own committee was no more anxious than the Administration for defense spending in the last "economy" session of Congress) carried the day-and happily so, for his report was both accurate and constructive...
...interim report was notably shy on hard specifics (e.g., what kind of Pentagon reorganization?), but Johnson expects to remedy this shortcoming in a final recommendation to Congress a month hence. The report was nonetheless an effective reminder that the committee had done the nation a distinct service by providing a well-run forum for debating and exposing defense weaknesses at a critical time...
Last week this bureaucratic boondoggling angered the White House, which regards a commercial jet fleet as a transport reserve needed for national defense. It gave CAB a swift kick in the pants, told it, in effect, to give the lines immediate emergency relief. Promptly. CAB offered a 6.6% interim fare boost by a vote of three to two (Vice Chairman Chan Gurney voted against the boost on the ground that it should be 10%). If accepted, as expected, domestic trunklines will get a 4% raise, plus an additional $1 on each ticket, along with the hope that real relief will...
Though the interim boost will bring the airlines about $90 million a year more, they still say it is far from enough. In the first eleven months of 1957, net operating income of the twelve lines dropped 49.8% to $56.5 million on total operating revenues of $1.4 billion. In November every line ended in the red except Braniff, and its income was down 55%. Deficits ranged from American's $1.9 million to Northwest's $247,000. The chief cause: while operating revenues rose 12% through November, expenses soared 17.9%. Nearly a year ago, when the airlines first began...