Word: contractive
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Dates: during 1950-1959
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Outwaving such ardent flag wavers as Lord Beaverbrook's Daily Express, the Sunday Dispatch (circ. 2,420,000) canceled its new, highly touted contract for a weekly column by Muggeridge. The BBC scheduled, then canceled, several TV shows on which Muggeridge might have had a chance to answer his critics. Last week, in the unkindest cut of all, the BBC announced that it "does not wish to renew Mr. Muggeridge's contract" for 26 TV appearances a year. Protested London's Daily Mirror: "If all views must agree with the BBC (Better Be Careful) censors, nothing worthwhile...
...ruling was based on a 1956 U.S. Supreme Court decision that rate changes may not be made without the consent of the consumer if the supplying company is under contract to the consumer. It brushed aside United's argument that its contract in the disputed case had stated that "All gas shall be paid for under the seller's rate schedule, or any effective superseding rate schedules on file with the FPC." The appeals court decision means that any superseding schedules, i.e., higher rates not objected to by the FPC, may be upset by a customer...
...municipal consumer, rather than setting a flat rate for all of them. As for the FPC, not only will its rate-regulating powers be cut, but it will have to hire about 1,200 new employees to handle the job of examining the legality of each individual rate contract. Gas suppliers and the FPC both said that they would ask the U.S. Supreme Court to review the decision...
SNARK MISSILE OUTPUT will be boosted by Air Force. Northrop Aircraft's $73 million production contract will be raised to $143 million, enough for 35 to 40 of the 5,000-mile-range guided missiles, plus equipment for ground-support stations now starting to go up (see NATIONAL AFFAIRS...
...open challenge from Innocenti, a portly, 66-year-old onetime plumber's helper, to Italy's midget-car giant, Fiat. It was Innocenti's second big challenge to Fiat. The first he won handily. He maneuvered Fiat out of its share of a joint Fiat-Innocenti contract to build a $342 million Venezuelan mine-to-mill steel complex on the Orinoco River to exploit a nearby mountain of high-grade (up to 60%) ore. Innocenti left Italy a year ago, planned to spend a few days looking into the Venezuelan prospects. The more he looked the better...