Word: aec
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Dates: during 1950-1959
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...Chairman Lewis L. Strauss as Commerce Secretary, has requested a hearing during the Senate Commerce Committee's pro forma session on the nomination. Kefauver, aiming to keep the home folks happy on a hot local issue, contends that Strauss violated federal law five years ago by leading the AEC into an ill-starred private-power contract that boomeranged into the Dixon-Yates controversy. Kefauver's hopes of heading off Senate approval of Strauss are slim: not even so staunch a Strauss foe as New Mexico's Clinton P. Anderson is much disturbed by his selection as Commerce...
...John McCone, who said that his proposals were attacked by Congressional Democrats before they had even heard them. But if such attacks are unfair, their foundation is at least understandable: despite his resignation, the image of ex-Commissioner Lewis Strauss still looms large in Congress's picture of the AEC...
Shortly after, California's Democratic Representative Chet Holifield tangled with McCone. Holifield had read a draft of AEC's plan two days earlier, and while McCone was testifying, he issued a press release criticizing the AEC's plan as "inadequate" and "pitifully small." When a copy of the release was handed to McCone while he was still on the stand, he grew red with anger, waved it in the air, cried: "I just don't know why I am here, Mr. Chairman. I find that Mr. Holifield had a press release all printed and written...
...Nine. The fact was that Chairman McCone, his funds cut back by the Bureau of the Budget, had presented a program that went little farther than last year's (TIME, Jan. 26). The Democrats charged that the AEC's plan, which calls for $249 million for atomic power projects in fiscal 1960-more than half of it for the military-actually represents a cut that would provide only $14.5 million in new money for civilian power reactors, v. $74 million authorized last year. AEC would drop six projects intended for 1959, including a 100,000-kw. heavy-water...
Major Change. The committee had pressed AEC to take a bigger part in developing second-generation prototype plants for atomic power, on the theory that private firms have neither the money nor the know-how to go ahead fast enough. AEC's new plan still leaves the job largely to private industry, but there is one major concession. AEC, which now contributes only toward research and fuel costs of privately built plants, would offer private industry up to 50% of the cost of building prototype reactors, plus more money for research...