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When Fairchild executives protested, McCone assured them that K-F would simply be a secondary source for planes-something the Air Force was trying to set up for all prime contractors. But a few months later, K-F became a prime contractor on its own. It bought working control of Chase Aircraft, whose C-123 is Fairchild's principal competitor. The decision to give K-F a contract to make Flying Boxcars, said McCone, was made four days before K-F had even submitted its written proposal for one (Senator Bridges wryly called this "faster than fast...

Author: /time Magazine | Title: AVIATION: Bogged-Down Boxcars | 6/15/1953 | See Source »

...boss, Kenton R. Cravens, whose agency will probably be replaced next year by a bureau making loans to small businesses only, is running things as if RFC were already going out of business. He has fired 477 staffers, laid down a rigid stipulation that a defense contractor can get an RFC loan only with a certificate that the Government has first tried-and failed-to buy from a firm that does not need a loan. Result: loans have dwindled from ten or 15 a week...

Author: /time Magazine | Title: Time Clock, Jun. 15, 1953 | 6/15/1953 | See Source »

...stocky, grim-faced little man strode briskly through the hurrying crowds this week, peering at the passing faces through horn-rimmed glasses. A few old hands at the station nodded recognition, and the word, went around: "Mr. Sutherland is back again." John L. Sutherland, 70, a Vancouver cement contractor, was back at King's Cross for the sixth time looking for his son, who is officially reported dead...

Author: /time Magazine | Title: CANADA: The Vigil | 4/13/1953 | See Source »

...post office will be constructed on the City-owned Brattle Square parking lot, John Curry, City Manager, announced last night. The Cambridge City Council sold the site to contractor Frank Capaldi, who will erect the new building...

Author: NO WRITER ATTRIBUTED | Title: Council Will Build New Post Office On Parking Lot in Brattle Square | 3/25/1953 | See Source »

...stock or not, and the Attorney-General and his assistants are now busily seeking a way to circumvent the present law. If found, the loophole will make a good law worthless. Some have suggested Wilson disqualify himself when G.M. contracts come up for discussions. With G.M. the largest Defense contractor, this would make Wilson more than fifty percent impotent...

Author: NO WRITER ATTRIBUTED | Title: Dusty Corners | 1/20/1953 | See Source »

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