Word: surpluses
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Dates: during 1950-1950
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...skies had not cleared completely. Britain's present gold and dollar surplus could be wiped out by British rearmament costs or by a fall in exports. The London Economist gravely noted last week: "The ability of the postwar British economy to survive in competitive conditions remains untested." For this reason, Hugh Gaitskell had carefully stressed that Marshall Plan aid was suspended, not ended. Should it again be required before the end of 1952, it would be forthcoming...
...Brussels, free-spending Briton George Dawson, who was wanted by U.S. authorities in Germany on charges of shady dealings in war surplus, slugged it out with London Daily Express Reporter Bernard West when he tried to interview him. Later, Express officials ordered West to drop assault charges against Dawson, explained coolly: "Express staff reporters do not fight with hoodlums...
...that the phrase that best fits him is "smart operator." He is impetuous, forceful, dedicated; a doer rather than a thinker; a man adept at brain-picking. He made a comfortable fortune and a reputation as an administrator in industry (Emerson Electric), came to Washington as Truman's Surplus Property chief in 1945, later became the first Secretary of the Air Force. Moved to his present job last April, Symington for a long time was regarded as a calamity howler crying for more arms & men, but his pessimism was proved right by the defeat in Korea. While personally favoring...
...said the committee, "we would again be as bad off-or perhaps even worse-than we were during both World Wars." The Munitions Board, which is responsible for stockpiling critical materials, "has clearly and miserably failed." The board had even neglected to take title to 460 million pounds of surplus wool held by the Department of Agriculture, had let it be sold to private buyers. Replied the board: Congress itself had failed to give it enough cash to build up a wool reserve, and the authority to take over the surplus...
...date, $1 billion has been obligated for tanks and automotive equipment. Some $400 million has been obligated for electronics, but Admiral and Zenith, two of the largest television manufacturers, have no war orders. One manufacturer, who took over a huge war-surplus plant on a rush war job of the highest urgency, had to wait two months for the blueprints of the weapon he was to make...