Word: coal
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Dates: during 1950-1959
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Last week the Foreign Ministers of "Little Europe" met in Paris to elect officers for the Common Market and Euratom. They also chose directors for two other six-nation agencies, the thriving Coal and Steel Community and the new billion-dollar European Investment Bank. But they could not settle on a single city for their capital. Luxembourg's white-mustached old Premier and Foreign Minister Joseph Bech put up such a stubborn fight to keep the European Coal and Steel Community headquarters (and its $6,000,000 yearly payroll) for his tiny country that the founding fathers could only...
Moscow prepared to receive an official Argentine equipment-buying mission of delegates from the state-owned oil monopoly, the state railways, the government's Coal Board and its Water and Power Board. Said the mission's chief, Under Secretary of Industry Raul On-darts: "We urgently need machinery and capital goods. We do not care where they come from." In Brazil, top government officials re-examined their anti-Red-trade policies; President Juscelino Kubitschek said he knew "what dangers negotiations can lead to," but pointed out that Soviet-bloc countries "offer economic prospects that deserve to be studied...
ALFRIED KRUPP will make bold bid to become Europe's biggest steelmaker, although allies have ordered him to sell off all coal and steel properties by end of 1958. Krupp-owned Rheinhausen Steel Works (capacity: 2,300,000 tons a year) has petitioned European Coal & Steel Community for permission to buy Bochumer Verein works (capacity: 1,560,000 tons). Krupp would pay $30 million to $40 million for Bochumer, which is controlled by his good friend, Swedish Millionaire Axel Wenner-Gren...
...this week took another step down the road toward generating electricity from atomic fuels at a cost competitive with hydroelectric power or coal power. The Argonne National Laboratory at Lemont, Ill. announced its experimental boiling water reactor, put in operation a year ago and originally designed for an output of 20,000 kw. of heat had been safely operated at a level of 50,000 kw., cutting the estimated cost of electricity per kw-h from 5.2? to 3.2?. while that price is still too high to be of commercial use, Argonne estimates that four boiling water reactors like...
...William Huntington, "The Coal-heaver Preacher" (born 1774) would have been poor had he not "found God's promises to be the Christian's banknotes." Briefly, this meant that whenever Mr. Huntington wanted something, he prayed for it, and then made his prayer known to impressionable people who were glad to oblige. Soon, God's overdraft was alarming, as Mr. Huntington had put on his tab "a country house, a well-stocked farm, a coach." Huntington died leaving a self-written epitaph which ended...