Word: convert
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Dates: during 1950-1959
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...farmer to change over to livestock required new equipment, new habits, new knowledges and plenty of capital. Brannan insisted that his farm plan was precisely the machine to convert the farmer-by bribing him with higher support prices for meats than for grains. But his critics pointed to an inconsistency: the Brannan Plan, mindful of the votes of the grain farmers, still promises high enough supports for grain products to keep wheat and corn growers satisfied with just what they are doing...
...revised estimate stemmed partly from the strengthening of Atlantic Treaty bonds (TIME, May 29). But strategists, being technicians, were apt to regard the bold decisions at London, and the talk of "balanced collective forces" as still only blueprints of the future. It would take up to ten years to convert these promising blueprints into armed power. The hopeful Pentagon estimate of June 1950 was also based on U.S. armed strength abuilding: new antitank and antiaircraft weapons, a better-knit tactical air force...
Worried by this muddled federal finance and by a partial government import ban designed to save foreign exchange, wealthy citizens began late last year to convert their pesos into dollars for investment in the U.S. This flight of capital was finally halted in February of this year after the U.S. restricted conversion of pesos into dollars by suspending the free convertibility clause of the Philippine Trade Act of 1946. But by then the Philippines' 1945 dollar reserve of $658 million had dropped to $220 million...
...cloak, said Dennis Chavez, is Senator Joe McCarthy's key witness, ex-Communist editor-turned-convert, Louis Francis Budenz, "who has now been elevated to the unique position of America's No. 1 professional witness in all matters concerning loyalty, patriotism and political reliability." Actually, said Chavez cuttingly, Budenz had led a life of "bawdy personal excesses," had three children by his present wife before marrying her in 1945, and had been arrested 21 times "before he joined the Communists in 1935 at the tender...
...made in Italy since war's end, Standard Oil Co. (N.J.) last week paid $10 million for a half-interest in two Italian refineries, plunked down another $2,000,000 for purchase of extra equipment. To help safeguard the investment Standard got an EGA guarantee that it can convert at least $14,487,500 of its Italian dividends into dollars over the next twelve years. It is the largest EGA guarantee yet, the first to an oil company. By the deal, Standard got 50% of the capital stock of Italy's ANIC (Azienda Nazaionale Idrogenazione Combustibili), 40% controlled...