Word: merger
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Dates: during 1940-1949
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Bandied from Clarence Streit's pillar of zeal to the post of public apathy during the past seven years, the vital issue of world government--if, when, and how--has recently emerged from its shell of naivete to blink its eyes to world political realities. Out of the recent merger of six large American organizations--student and general--pledged to some form of strong federal international organization, some hope may now be advance that the confusion over this question among its adherents may be dissipated. The lessons learned by those who formed the United World Federalists at Asheville, North Carolina...
...biggest merger in aviation history was abruptly called off last week. When they first planned it last year (TIME, Oct. 7), Consolidated Vultee Aircraft Corp. and Lockheed Aircraft Corp. fully expected that each could provide just what the other needed, and together blanket the field with one mammoth company. But in last week's brief announcement, Convair's Harry Woodhead and Lockheed's Robert Gross regretfully admitted that the whole thing was "no longer feasible...
What had caused the rift? Woodhead and Gross blamed it on "the substantial decline in the stockmarket" which took place while the merger details were being arranged. They might have been more specific without raising any eyebrows. In less than a year, Convair's stock had slipped from a high of 33⅝ to 16¼ points a snare, Lockheed's from 45¼ to 18. The declines simply wiped out the differential on which all the negotiations were based...
...week progressed the schedule changed gradually, as it usually does, under the impact of the news. The Armed Forces merger, announced late Thursday, was added to the schedule...
...agricultural objective should be "a balanced pattern of peacetime production without either undue sacrifice by farm people or undue expense to the Government." He got some of his loudest applause of the day when he called for the maintenance of adequate defense, reminding Congress that he still wanted merger and universal military training...