Word: co
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Dates: during 1950-1959
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...nonpolitical council, whose corporate members range from huge General Motors to small Insular Lumber Co., called for an increased flow of private U.S. capital abroad, more lending authority for the Government's Export-Import Bank. It also put itself squarely on the side of free trade in the coming congressional battle by protectionists to end President Eisenhower's tariff-cutting powers, which are up for renewal next June 30. Rather than revoke the powers, said the council, Congress should extend them "with adequate authority to safeguard vital interests of domestic American industries in line with the national interest...
...offshore oil area," says Magnolia Petroleum Co., "may be the last big undeveloped oil province in the U.S." Yet, while the U.S. is worried about sources and has only an eleven-year supply of proven reserves, Magnolia and most of the other major producers are cutting back their offshore search. Last week only 79 seaborne rigs were poking their drill bits into the Gulf of Mexico; last August in rigs were operating off Louisiana's shores alone...
Magnolia, which is sinking 45 offshore wells this year, is planning only 25 new ones in 1958. Even the two biggest offshore operators, Shell (average offshore output: 45,000 bbl. a day) and California Oil Co.. are leveling off their drilling. California Oil has reduced offshore drilling by 25%. Shell, which has been expanding rapidly, plans to sink only the same number of offshore wells in 1958 as it will in 1957-about...
First, Singer Harry Belafonte turned down an offer of a part. Then Actor Sidney (Edge of the City) Poitier quit his co-starring role as Porgy, declared that the show was a "classic," but "as a creative artist, I just do not have enough interest in the piece." Goldwyn's version of the incident: Poitier quit after his demand to approve the script had been refused. Said Goldwyn: "If Poitier had seen a script and the way we are treating Porgy and Bess, he would be excited to do it." Goldwyn would name no names of other entertainers...
Coach Curran plans to start Porter at center. Starting guards will be co-Captain Paul Kallios (5-9) and Ned Larkin (5-11), who averaged 14 points as a sophomore last season. Co-Captain Don Akerson (6-1) and Buck Adanczyk (6-0) will be at forward...