Word: steam
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...fail, the primary cause will be inadequate aggregate demand. And there is no assurance that the economy, operating on its own steam, will generate adequate demand. Concerned as we must be with technical research and higher and higher levels of efficiency, we may not achieve our goal if we neglect this crucial requisite for growth and expansion. Foreign economies are often presented with different problems. But for the American Economy, the element of greatest uncertainty is the adequacy of aggregate demand...
...chorus sang the simplest kind of melody, from mild love lyrics and nursery-rhyme interludes to rowdy drinking songs and Teutonic gallops, set against passages of syncopated whispering and of sudden, surprising fortissimos. The orchestra sometimes provided halfhearted modernities, medieval primitivisms. Its percussion section was usually busy as a steam calliope on circus day. Most of the lyrics were in vulgarized but vital Latin, with simple driving rhythms. Sample...
...furor on Capitol Hill, Dwight Eisenhower threw his weight more firmly than ever behind the Dixon-Yates plan for building a $107 million private power plant at West Memphis, Ark., and against the alternative of making a Government outlay of about that much for additional Tennessee Valley Authority steam-generating capacity. The question involved, the President pointed out, is broader than Dixon-Yates. It is: Should the Federal Government perpetually expand its role in the power industry? In a letter to Chairman "Stub" Cole of the Joint Committee, the President wrote: "If the Federal Government assumes responsibility in perpetuity...
Dixon, who lives in Tenafly, N.J., has been in the utility business since he became a clerk for the Electric Bond & Share Co. after his graduation from high school in 1922. Among other business connections, he is a vice president of Electric Energy, Inc., which is building a steam plant to supply the AEC's Paducah, Ky., installation. Yates, an engineer (Rutgers '02), worked for five years on two railroad tunnels under New York's East River, since 1911 has spent much of his time in the South. As vice president of Wendell Willkie's Commonwealth...
...were right, in our opinion, Mr. President, in deciding that TVA ought not be permitted to expand farther beyond its natural boundaries at general taxpayer expense; that AEC should buy its additional electricity requirements from privately built steam plants which paid interest on investment and taxes on profits. But in our view, the AEC has been pitched into the role of "power broker" for TVA. The AEC has much more important things to do. It should be able to buy directly all the power it needs for its own vital work. The contract should go to the lowest competent bidder...