Word: counterattacking
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...counterattack the Soviet trade offensive? Seeking a strategy, President Eisenhower last year picked a blue-chip team of U.S. capitalists, headed by President Harold Boeschenstein of Owens-Corning Fiberglas Corp.* Last week the committee reported that the real cold-war economic challenge is to stimulate the export of more U.S. products, capital and know-how to all nations. It suggested a step-up in U.S. nonstrategic trade with the Soviet bloc, arguing that "if additional consumption of consumer goods could be stimulated, the result might be to produce pressures within the bloc, tending to divert resources from war potential...
...defending his defense budget and answering Democratic charges that his program will lead to a dangerous missile gap in the 19603. At the President's order, the Pentagon has worked up more statistics and memoranda on U.S. v. Soviet firepower. Ike reads the reports and roughs out his counterattack in the evenings; by day, Presidential Speechwriter Malcolm Moos and other White House aides work his notes into speech form...
...asleep at the missile switch -went into counterattack in a prepared speech on the Senate floor. The missile gap, he cried, is not closed but widening. By 1961, he declared, the Russians will have four times the number of ICBMs in U.S. installations -and this because the Eisenhower Administration "is not planning to spend the necessary funds" to keep pace with the Soviets...
...Counterattack. Then Reynolds struck the final blow. It went into the open market for all Aluminium shares that stockholders wanted to sell. The market rose to $11.90. At week's end Reynolds held directly nearly one-half of all shares outstanding, had even picked up 260,000 shares that the Church of England's Commissioners, who handle the church's investments, unloaded at a profit of about $1,000,000. Reynolds' investment: around $40 million. In addition. Tube and Reynolds upped their stock-swap offer to $12.32, got enough additional stock to raise their total holdings...
...Pentagon, convinced that prolonged test suspension would play fast and loose with U.S. military posture, argued for resuming low-fallout tests. And last week the advocates of full test suspension, centered in President Eisenhower's Science Advisory Committee under M.I.T.'s James Rhyne Killian, loosed a bitter counterattack...