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During the fiscal year ending June 30, the U.S. will take in $67.7 billion instead of an estimated $64.5 billion. This will be more than enough, Secretary of the Treasury George Humphrey told Congress last week, to absorb an increase in Federal spending from the budgeted $64.3 billion to $65.9 billion. As a result, the U.S. budget for fiscal 1956 will have a surplus of $1.8 billion-eight times the expected $230 million. Treasury's Humphrey had a happy explanation for the welcome news: "The upsurge of prosperity in the nation has increased current Federal budget receipts...

Author: /time Magazine | Title: THE ADMINISTRATION: What to Cut? | 5/28/1956 | See Source »

...acres in summer in the lowlands. After 20 centuries, Sardinia may once again win a name as Rome's granary. Already the fund's crewcut, sports-jacketed young Italian engineers are saying that after the Flumendosa Valley is remade, underpopulated Sardinia may be able to absorb thousands of Italy's mainland unemployed...

Author: /time Magazine | Title: ITALY: Hope in Sardinia | 5/21/1956 | See Source »

Beyond atomics, the three companies see a new market opening up for low-priced zirconium. Eventually, they hope to produce a slightly lower-grade zirconium for as little as $3.50 a Ib., well within the pocketbooks of dozens of industries from electronics (where it is used to absorb oxygen in vacuum tubes) to machine tools. Estimates are that the U.S. chemical industry alone can use big quantities to cut its losses of $500 million annually from corrosion of pipes, valves and tanks...

Author: /time Magazine | Title: ATOMIC ENERGY: Future in the Sands | 5/14/1956 | See Source »

Iceland. The resolution of Iceland's Parliament for the withdrawal of U.S. troops (TIME, April 9) is "understandable," said Dulles, in that the 5,000-man U.S. garrison was a large one for Iceland's 160,000 people to absorb: "There is, I think, a feeling in Iceland that perhaps the recent Soviet moves make this less necessary. But I do not think that it is reflective of anything other than a desire to minimize the presence of foreign troops, insofar as it can safely be done." Still open for discussion at a future NATO meeting: "The question...

Author: /time Magazine | Title: FOREIGN RELATIONS: Walking Softly | 4/16/1956 | See Source »

...uranium, does not fission in this way, but when it is struck by high-speed neutrons from a sufficiently powerful detonator, it undergoes a variety of nuclear reactions. Some of its atoms split, splattering into middleweight atoms (fission products) and giving off enormous energy. Other U-238 atoms absorb a neutron, then eject two neutrons, turning into atoms of telltale...

Author: /time Magazine | Title: Science: The Bomb Watchers | 4/16/1956 | See Source »

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