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...program, the U.S. will spend a total of $174 million in ship subsidies for 1955; another private investors will put up another $227 million to build up the fleet. Grace Line and Moore-McCormack have each contracted to replace two of their big passenger vessels (easily converted to troop ships) at a cost of $95 million, of which the lines will pay 53% American President Lines will pay 85% of $65.8 million to be spent for eight new passenger ships and freighters, the biggest such pro gram under the present Merchant Marine Act. For its part, the Navy, which needs...

Author: /time Magazine | Title: Business: AN ANSWER TO THE SOS | 10/11/1954 | See Source »

...heliport looks like a superhighway cloverleaf intersection, boasts two 600-ft. asphalt runways (for heavily laden 'copters) and a giant, circular taxiway, surrounded by eight dust-free warmup "pads." In this specialized setting the Army hopes to devise methods for mass operation of cargo and troop-carrying 'copters with something close to aircraft-carrier speed and precision...

Author: /time Magazine | Title: Science: Spectrum | 8/30/1954 | See Source »

...joint Commission composed of equal numbers from each side shall insure a "simultaneous and general cease-fire," a "regrouping of armed forces," observance of the demarcation lines and other provisions that depend on joint action. Supervision. An International Commission-Canada, India and Poland-shall preside as arbitrator of troop movements, supervisor of ports and frontiers and all aspects of the truce. India will preside...

Author: /time Magazine | Title: Foreign News: TERMS OF SURRENDER | 8/2/1954 | See Source »

...dropped antipersonnel grenades on the city of Zacapa, and the government began evacuating civilians. A Thunderbolt worked over a troop train near by and stopped it. Soldiers leaped from the cars and melted into the countryside; some of them reportedly went over to the rebels...

Author: /time Magazine | Title: The Hemisphere: What It Was Like | 7/5/1954 | See Source »

...hinted that there is something sinister about the foundations. Among other things, said he, they have been concerned with "internationalism," and some had even been guilty of "training individuals and servicing agencies to render advice to the Executive Branch of the Federal Government." As the hearings went on, a troop of witnesses added other bits and pieces. One denounced the Kinsey reports, which had been partially financed by the Rockefeller Foundation; another blasted Studebaker's Board Chairman Paul Hoffman, former president of the Ford Foundation, for backing UNESCO. Finally, last week, fed up with such charges, supported, he felt...

Author: /time Magazine | Title: Education: The Lesson | 6/21/1954 | See Source »

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