Word: steam
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...York's Consolidated Edison earmarked $120 million-its biggest capital outlay in a decade-to increase gas, electricity and steam output this year...
...otherwise excellent supervisor who spoils his performance by a bullying lack of tact with subordinates. Since his behavior is adolescent, the prescription was to treat him as an adolescent, with firmness and support, and allow him to let off steam against his own superior with no fear of counterattack...
...private exhortation that is his specialty. To those who speak of Russian smiles, he recites precise figures of Russian forces, of Russian concentration on war industry, of stepped-up Russian production of planes, atomic weapons and guided missiles, notes: "While the Soviets were toasting Chancellor Adenauer in Moscow, the steam shovels were moving the earth for new and bigger jet runways in Eastern Germany. Their smiles suggest peaceful intentions, but we must deal in realities-these forces, these airfields, these economic goals." He adds flatly: "The Soviets' military threat to NATO has never been greater than it is today...
ECONOMY DRIVE to get the U.S. Government out of business will pick up steam this year. After stalling last year, the plan for the Pentagon to discontinue 52 business-type operations (including 19 office-equipment repair shops, nine auto-repair shops) is getting a green light from the House Appropriations Committee...
While the Grace Line was thus getting up steam, other ventures in the W. R. Grace & Co. empire were growing just as busily. The company announced last week that it would authorize $100 million in capital spending for 1956, $40 million of it for Grace's booming chemical ventures (among them: Grace Chemical Co., Dewey & Almy Chemical Co. Division), which in 1955 accounted for 45% of Grace's total income v. only 3% in 1952. Another $30 million will go to the Grace Line, the remainder principally to paper enterprises in South America, where Grace also has ventures...