Word: contractive
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Dates: during 1950-1959
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...announced that a reconnaissance wing would be deactivated in early November. Item: Secretary Wilson ordered severe cutbacks in Air Force payments to major contractors-meaning that the contractors will probably have to slow down delivery schedules. Item: the Defense Department directed "an immediate, continuing and sharp curtailment" in defense-contract overtime...
Died. Eugene Adams Yates, 76, harassed veteran of the politically explosive Dixon-Yates power contract, chairman of the Southern Co., vice president and director of the Alabama, Georgia, Gulf and Mississippi Power Companies; of a heart attack; in Manhattan. When the Atomic Energy Commission contracted with Middle South Utilities head Edgar Dixon and Yates to build a plant near Memphis to supply the AEC with power, the deal was bitterly attacked by public power proponents as a scheme to undercut TVA, became a major 1956 campaign issue...
...HUSTLER BOMBER has performed so well in test flights that Air Force will speed up production of the four-jet plane that may replace Boeing's B-52. Air Force has 13 delta-wing, supersonic Hustlers on order from Convair, is about to sign contract for another 17, has approved plan to buy still more planes. Hustler's steep price (more than $10 million) will come down to $5,000,000 when full production starts...
Furthermore, says Slichter, there are good reasons why wages and prices go up more easily than they go down. "Wages in the American economy do not readily drop in contracting industries" because of union strength. Moreover, Slichter argues, when general business threatens to contract and drop prices, antirecession measures are applied by Government before falling prices lose all the ground gained in the last boom, giving a higher jumping-off point for the next rise...
...Fright at the Station. What made the difference was a contract from famed cubist Art Dealer Henry Kahnweiler, who still today says of Sculptor Manolo: "I think he was greater than Maillol." Manolo discovered the charms of the small town of Céret near the Spanish border, and was soon surrounded by vacationing Montmartre friends, including Picasso, Georges Braque and Juan Gris. But though living in the midst of early cubist experiments-French critics called Céret "the Barbizon of cubism"-Manolo would have none of it, once snapped at Picasso, then at work on his cubist Accordionist...