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...realize their great moral responsibility in handling a force" such as atomic energy. As the tour began, Rickover began stepping up the voltage. "Are you smart enough to understand everything I explain to you?" he asked. "Da," grinned Kozlov. Pointing out a relatively simple, 2,300-volt pump, Rickover cracked: "Even a politician can understand this." A few minutes later, without batting an eye, the admiral announced: "We can detect your bomb explosions." Kozlov guffawed. Said Rickover: "I wanted to see how long it would take you to react...

Author: /time Magazine | Title: DIPLOMACY: Visit with a Hot Wire | 7/20/1959 | See Source »

...June 15) to put pressure on the Federal Reserve Board to go back to the wartime policy of supporting the market for Government bonds. The Fed now buys short-term Treasury bills only. The Fed believes that if it bought bonds now, without wartime controls on spending, it would pump new money into the economy, thus nullifying its attempts to control the boom by tightening credit...

Author: /time Magazine | Title: GOVERNMENT: Rift with the Fed | 7/20/1959 | See Source »

...June 30) last week, and the red ink splattered over a record peacetime deficit of $12.6 billion. Principal reason for the big red year: the now departed recession, which cut tax revenues by $6.2 billion, raised spending by $1.5 billion, for such antirecession programs as higher housing outlays and pump-priming public work projects. Other spending pressures: a $900 million post-Sputnik boost in defense, $1.4 billion turned over to the International Monetary Fund as of July 1 (but charged against the dying fiscal year), a $2.2 billion overbudget outlay for buying the bumper crops produced by the obsolete farm...

Author: /time Magazine | Title: THE BUDGET: The Big Red Year | 7/13/1959 | See Source »

...wastes, oceanographers must find stagnant basins where wastes can be dumped with assurance that they will stay out of circulation until their activity has been stilled by time. Warns Iselin: "If you louse up the ocean with atomic waste, you louse it up for thousands of years. The British pump stuff into the Irish Sea, which can take...

Author: /time Magazine | Title: Science: Ocean Frontier | 7/6/1959 | See Source »

...sterile parts of the ocean. One possibility is a nuclear reactor sitting on the bottom and slightly warming the water around it. The warmed water will rise, carrying nutrients to the surface and turning clear water, admired only by tourists, into rich, turbid pastures. Another way would be to pump deep water into some closed area, such as a Pacific atoll, to make a kind of concentrated fish farm...

Author: /time Magazine | Title: Science: Ocean Frontier | 7/6/1959 | See Source »

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