Word: bell
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Dates: during 1960-1969
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President Kennedy supports the plan. So, obviously, does his foreign aid administrator, David E. Bell, although he is not yet quite willing to come right out and say so. Last week Bell appeared before the Senate Foreign Relations Committee to testify about the Bokaro project-and he bumped into a buzz saw in Ohio Democrat Frank Lausche...
Grave Doubts. Lausche began by reading to Bell a passage from the overall foreign aid report submitted last March by a presidential advisory committee chaired by Retired General Lucius D. Clay. Plainly referring to the Bokaro project, the Clay committee wrote: "We believe that the U.S. should not aid a foreign government in projects establishing government-owned industrial and commercial enterprises which compete with existing private endeavors . . . Moreover, the observation of countless instances of politically operated, heavily subsidized and carefully protected inefficient state enterprises in less developed countries makes us gravely doubt the value of such undertakings...
...Bell's answer began carefully. He noted that final Administration approval of the Bokaro plant was still pending. Said he: "I don't want to prejudge a question which will not come to me for some months. We believe in an economic system that has private as well as public capital invested in productive...
...produce 80% of the world's current research. Almost all the nation's breakthrough products of recent years-from jet planes to fertilizers to aerosol bombs-have been largely bankrolled by Washington. The only important basic products that business has devised wholly on its own are Bell Laboratories' transistors and the picture-in-seconds cameras of Polaroid...
Some time in 1964 three U.S. astronauts will wriggle into a bell-shaped Apollo capsule, strap themselves into contour couches and await the blast-off into a challenging two-week adventure. Through the capsule's windows, they will see the flash and smoke of blastoff, then the approaching clouds, the indigo sky, and finally the star-speckled blackness of outer space. Later, as they view the looming surface of the moon, they will begin another countdown to launch a smaller detachable capsule for a lunar landing. Before the astronauts see earth again, their skill and nerves will be severely...