Word: averting
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Dates: during 1940-1949
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Gunmaker Hawley, who also has described himself as the "world's greatest hydraulic engineer," jumped into the oil industry with his own characteristic platform: "Oilmen are a bunch of fuddy-duddies." He thought the U.S. needed a new system of exploration in order to avert a potential oil shortage. Said he: "We shouldn't be thinking in terms of individual oil fields. We should think of new oil provinces...
...Court's agreement that the job of clearing up the muddle is one not for the Court but for Congress. At week's end, the Civil Aeronautics Board was hastily preparing to draft legislative recommendations. It hoped to get action on them in Congress in time to avert a crippling financial blow to U.S. airlines...
...avert a postwar depression, ex-Businessman Bowles proposed that wartime controls be replaced by a "broad and far-reaching" program to: 1) put a floor under wages and prices-in effect, a combined OPA and WLB in reverse; 2) remove any ceiling on public works. For the long pull he joined Alvin Hansen, Beardsley Ruml et al in proposing that Government shall keep the U.S. economy in balance by lowering taxes and increasing expenditures in slumps, upping taxes and reducing expenditures in booms. He declared flatly that government must always play the "central role" in the economy...
...King have changed. Her dangers, as Winston Churchill said last week, are no longer mortal. The great impending event of 1944 is not invasion of Britain, but the invasion of Hitler's Europe. The looming question for Britons and their king is not whether they can avert disaster, but how they will fare in victory-and with whom they are going to share it. The question of Empire is not which Dominions shall receive and sustain the British Fleet (it never was a question in Britain), but just how closely the Dominions shall group around Britain in the postwar...
...exaggerated. Baruch, assisted by Byrnes's consultant John Hancock, had not intended to make an overall manpower study. At Czar Jimmy's request, he had sat down with aircraft makers* on the bench in Washington's Lafayette Park, and there had worked out a plan to avert a disastrous slump in West Coast airplane production. His recommendations, to set up a labor budget and balance West Coast manpower with production by funneling workers into essential plants, have already been put into effect (see p. 23). But, Baruchlike, he had not stopped there, but had gone...