Word: baited
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Dates: during 1950-1959
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...Ensenada, Mexico, three crewmen of the American fishing boat Sportsman were taken into custody by the Mexican coast guard after Captain E. W. Bartell charged that they threw the boat's food, tools and fishing gear overboard, cut the automatic pilot loose, pulled out a plug in the bait tank, set fire to the engine room, forced him to steer back to port by threatening him with a shotgun and butcher knives, because the cook wanted to visit his pregnant wife...
...toward a candidate who can bring him delegates in the convention, e.g., Williams. Stevenson, confident of nomination, is inclined toward a running mate who can perhaps bring him a new bloc of votes in November, e.g., Kennedy. In short, is the vice-presidency to be reward or bait? The 1956 assumption: bait...
...Enginemaker Curtiss the big bait was the promise of some $500 million in new defense contracts from the Pentagon. Up to now, failure of such contracts to come through had been the major stumbling block. Though the Administration was anxious to save Studebaker, it was worried about the political effects of such a rescue operation. But now both companies have solid promises of contracts, spread over several years...
...Million for Now. For Studebaker the bait was equally tempting: $35 million in cash from Curtiss, enough to keep the company in business. Curtiss will buy all Studebaker's defense inventories (mostly jet engine parts), take a twelve-year lease on two plants at Utica, Mich, and South Bend, Ind. In addition, Studebaker's bank credit (it has already borrowed $29.8 million) will be raised to $45 million, thus giving it a total of $50 million for immediate needs...
Then the Russians, who had previously offered a $300 million loan, started jiggling the bait again. Though Egypt's Strongman Gamal Abdel Nasser prefers Western aid, and knows that he will get more dam for the money with no political strings attached, he is cagily bargaining with both sides. Last week Nasser received Russia's junketing Foreign Minister Dmitry T. Shepilov, who arrived in Cairo with tempting new offers (see FOREIGN NEWS). But on this trip, Black hopes to nail down the deal once and for all. Both he and the Reds know the size of the stakes...