Word: aec
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Dates: during 1950-1959
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...controversy at the administrative, legislative and political levels, the Dixon-Yates contract is headed for the courts. Armed with a 14-page legal opinion, the Atomic Energy Commission last week announced that it does not consider the contract "an obligation which can be recognized by the U.S." The AEC's reason: questions have been raised about whether the contract violated the conflict-of-interest laws. The questions are based on the role of Investment Banker Adolphe H. Wenzell, who worked on the Dixon-Yates negotiations as 1) a part-time consultant to the U.S. Budget Bureau...
...AEC action was designed to throw into the courts the hot question of whether the U.S. Government should pay the Dixon-Yates combine some $3,000,000 for preliminary work on the proposed power plant in Arkansas across the Mississippi from Memphis. The work was done before the AEC, having been assured that the city of Memphis would build the necessary power facilities, canceled the Dixon-Yates contract. Upon receiving the AEC notice last week, Edgar Dixon, president of Middle South Utilities, promptly announced that Dixon-Yates will sue. To get a judicial ruling on the controversial question, the Eisenhower...
...terse statement the U.S. Atomic Energy Commission last week announced that the Soviet Union had fired another nuclear explosion. Said AEC Chairman Lewis Strauss: "This explosion was the largest thus far in the U.S.S.R.. and was in the range of megatons. The Russian tests indicate an increasingly intensive effort by the Soviet government to develop their nuclear weapons potential...
Three days later, the Soviet foreign ministry confirmed the AEC announcement and revealed a little more. The bomb, said the foreign ministry, was exploded at great height to minimize the radioactive fallout (radioactive rain fell on Japan last week), and was the occasion for research in civil defense as well as in the development of atomic energy...
COPPER PINCH will get worse in 1956. Defense needs are so high that the Commerce Department will order producers to set aside another 8,000,000 Ibs. of copper-base products ln first-quarter 1956 for military and AEC orders, bringing the three-month total to 116 million...