Word: cutback
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Dates: during 1950-1959
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Bennett professed not to know whether Washington's cutback plans were caused by an ample supply of uranium in the U.S. or by the prospect of some workable new process that could make uranium obsolete as a nuclear fuel. If the latter was the case, Canada was obviously unaware of it. Almost simultaneously with Howe's policy statement, the government revealed the details of Canada's first atomic power station, an $11 million plant that was described as a model for many more in the future. The plant will be fueled exclusively with Canadian uranium...
...organized) reserve will go up from 800,000 to 2,900,000 and the second-line standby reserve will go up from 220,000 to 2,000,000. In other legislation, pay raises averaging 6.7% were provided for career servicemen (estimated annual cost: $745 million). The Administration's cutback in the Army and Navy, and increase in Air Force manpower, were approved. After a long and angry hassle. Congress authorized $20 million to start construction of the new Air Force Academy...
...soft-pedaling of anti-French activity among the Arabs in Spanish Morocco. For the French to admit withdrawing aid from the Loyalists would be to acknowledge that in the past it had been given. But Spanish democrats, with small hope of unseating Franco, were preparing for a cutback in the French help that had sustained them through 16 years of exile...
Even if all should turn out to be milk and honey on the international front, the largest conceivable cutback in military spending in the near future would be no more than 20%. That would be a cut of about $7 billion, only about half the size of the drop that the nation took in its stride in the past two years. The overall effect of such a cut on the economy would be mild, since military spending even now comes to no more than 10% of the gross national product...
...such other key metals as copper, nickel and aluminum. With output of military tanks and trucks at a low level, far less than 10% of the auto industry is now devoted to defense output (though some firms, e.g., jeep-maker Willys, might feel the pinch of a defense cutback...