Word: civilianizes
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Dates: during 1960-1969
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...Defense Minister Moshe Dayan, in one of his toughest statements, warned that his army would invade Jordan if terrorists continue to use it as a base from which to raid Israel. Said Dayan: "The Jordan Valley could turn into a battlefield in which there will be no room for civilian life, for families, children, cattle or agriculture...
...help meet industry's need for skilled manpower. With lower defense spending, plus the ordinary growth of the economy, the CEA calculates that the Government will be able to distribute a $30 billion "fiscal dividend" to the nation. Part of it should be lower taxes to stimulate civilian demand, says the council, and part of it should be a rapid boost in federal outlays for education, health, housing, pollution control, highway beautification and the fight against slums...
...matters worse, peace plans were unready; cutbacks in defense spending led to a recession with a 6% unemployment rate before the economy rebounded. This time, the Pentagon expects to taper off procurement slowly, as it rebuilds its depleted stockpiles, and Government planners are already deciding how tax cuts and civilian-spending increases should be timed to stabilize the economy...
...Haughton of Lockheed Aircraft "Just the opposite is true. Only 5% of our business results directly from Viet Nam." Says President G. William Miller of Rhode Island-based Textron: "A 20% cut in our defense contracts could easily be made up with only a 10% increase in our civilian sales." One reason is that civilian sales yield higher profit margins...
Alcoa President John D. Harper figures that peace would cost his company only 5% of its present tonnage of sales, a loss that would be quickly overcome by such resurgent civilian business as construction and commercial aircraft Oil and steelmen are equally unworried. Says Gulf Oil Chairman E D Brockett: "We could get back to doing a lot of things we should be doing...