Word: buildings
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Dates: during 1940-1949
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Three years ago the Philippines formally received their independence from the U.S. By precept and practical help, the U.S. gave the new nation a great chance to build a working democracy in a chaotic Asia threatened by Communism. From Manila last week, TIME Correspondent Sam Welles cabled the following report on how the Philippines were doing...
...compete with the U.S. in long-range, propeller-driven airliners have been notable flops. Even her own overseas airlines fly U.S. aircraft. But a successful Comet could change all this by giving Britain the edge in high-speed commercial flying. U.S. manufacturers, who have not even started to build jet airliners, are not likely to have anything to compete with the Comet for several years...
Bigger & Better. Heartened by La Jolla's success, stagestruck Hollywood has a much bigger project under way. Peck, with the newly formed Actors' Company,' plans to build a $2,000,000 showplace housing a year-round theater in Beverly Hills. Former RKO Chief Peter Rathvon heads the company; its other officers are Peck, Ferrer, Rosalind Russell and Producer Jerry Wald. The project calls for the production of six plays a year for a run of at least six weeks each, with every member of a star-cluttered board of directors already agreed to appear every season...
...shrewd old Henry Kaiser expanded his sprawling industrial empire by leasing three huge Government aluminum processing plants. Last week, for $36 million, Kaiser's Permanente Metals Corp. took title to the plants which had cost $90 million to build. The new properties: 1) a bauxite-processing plant in Baton Rouge with an annual capacity of 500,000,000 lbs. of alumina; 2) the Mead Aluminum Reduction Plant at Mead, Wash., which refines the Baton Rouge alumina, has an annual capacity of 216,000,000 lbs. of aluminum ingots; 3) the Trentwood Rolling Mill, at Trentwood, Wash., which fabricates Mead...
Soldiers at nearby Fort Belvoir were already excited over the house. Woods had said that he would build 42 altogether, and sell them for $40 to $45 per month with no down payment...