Word: armaments
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...Britain, short of 1,500,000 tons of steel for its armament program, last week imposed a strict steel-rationing program. First priority among steel uses went to coal; defense and export production must take second place...
...planned to hit peak output in 1953, and then cut back sharply, will have his schedules revised. The original peak will not be reached, but production will continue longer at the lower level, and there will be fewer cutbacks. In short, it looked now as if the armament-based boom would last much longer than most businessmen had thought...
...Norway and Denmark-the argument goes-Sweden could not help them by joining NATO, since Sweden is at her peak in armament now. Thus Sweden has a buffer in Finland, and Norway and Denmark have a buffer in Sweden. (Many Swedish military men will privately tell you that the defense of Scandinavia would be stronger if coordinated...
...World War II taught anything, it was the crucial importance of machine tools-the machines which make machines, and without which defense plants cannot tool up to make jet engines, airframes, tanks or anything else. Yet Wilson failed to realize that machine tools held the key to the whole armament program. I.T. & T.'s William H. Harrison made the original blunder by refusing to treat machine tools any differently from "pots or pans," denying them priorities. Price Boss Mike Di Salle compounded the blunder by refusing to give toolmakers the price relief needed to step up their output. Wilson...
...unless we can find a new policy towards Russia, we are committed at best to a perpetual armament race, at worst to an eventual war. The theory that by treating Russia reasonably for long enough we shall at last convince her people of their errors must, to anyone who has been there, seem absurd. No favorable account of Western overtures or conditions can ever reach the Russian public. Furthermore, it is very doubtful whether the Russians are capable of conversion, even if we could reach their ears. All the Russians I met, whether officials or taxi drivers, were quite obviously...