Word: contraction
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Dates: during 1950-1959
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...Spartan decision to export agricultural products in order to purchase machinery abroad. In the past few months Peking's trade offensive in Southeast Asia-which seriously worried the Japanese-has begun to falter badly. Fortnight ago Mao's government, despite its need for foreign exchange, canceled a contract to supply British firms with several thousand tons of cotton and cotton waste, and this breach of contract will jeopardize future negotiations...
...provision because "it would be the height of absurdity to make funds available to Communists or saboteurs under the heading of national defense." He conceded that Communists would not hesitate to take the oath, said that if they did so, at least they would be guilty of breach of contract. In Congress the oaths are gathering enemies. Three bills to repeal them were introduced in the House. And in the Senate, Massachusetts' John Kennedy, who co-sponsored a repeal bill with Pennsylvania's Joseph Clark, called Mundt's anti-Communist mousetrap "an unnecessary, futile gesture toward...
...PILOT PAY of $33,000 a year will go to jet captains flying maximum of 85 hours a month for Pan American World Airways, up from current ceiling of $25,000 for DC-7C skipper. New Pan Am contract also puts three pilots plus flight engineer in jets...
FOREIGN BIDDER won a major Tennessee Valley Authority contract to build turbogenerator near Tuscumbia, Ala. Award went to England's C. A. Parsons & Co., Ltd., which bid $12,095,800, v. General Electric's low domestic...
American Airlines put a big bet this week on the future of air freight. To Douglas Aircraft went a $4,250,000 contract to turn ten of American's piston-engined DC-7B airliners into air freighters. All passenger fittings will be ripped out; the relatively new (four years or less) luxury planes will get heavy-duty floors, stronger fuselages, two huge cargo doors. When the last of the freighter 73 goes into service next year, it will give American a 20-plane cargo fleet with more than twice the line's current capacity...