Word: cutback
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Instead of saying "Good morning," Japanese businessmen in Osaka traditionally say "Moh-kari-makka?" (Are you making any money?) Only a year ago, the answer was a doleful no. The cutback in U.S. procurement following the Korean peace had demoralized dollar-happy industrialists and spotted Japanese headlines with the word fukeiki (depression). But last week the same businessmen, answering the traditional question, beamed a confident yes. ¶ Industrial production was up 13% over 1954, some 85% above...
...their slide rules and calculate that they were losing something like 15 hours of "room time" per week. The very next day, when the Faculty gave final approval to the new regulations as the first major parietal rules change since 1931, Student Council spokesmen deplored the cutback in afternoon hours. In Winthrop House, a poll showed 92 upperclassmen disapproving of the new hours as against 35 who were satisfied. It was Radcliffe, though, that objected most strenuously to the 4 p.m. starting time in the Houses. "There is no other place to sit quietly in the afternoon," complained one girl...
...forcing up wages and prices; Hamburg's shipbuilding yards and North Hessian heavy industries are plagued by wildcat strikes. Sure to find jobs elsewhere, ten out of every 100 of West Germany's coal miners have left their underground jobs in the past six months. Result: a sharp cutback in coal production. One group of German steel mills was again forced to buy expensive U.S. coal to keep its busy blast furnaces going...
PRIVATE BUSINESSMEN will soon take over more businesses operated by the U.S. Government. Though patronage-minded members of Congress have tried to thwart the program of getting the Government out of business through legislation requiring the Administration to clear every cutback with committee chairmen (TIME, July 25), President Eisenhower has said that he will ignore the demand, has ordered 14 more federally operated businesses closed down. Among them: four coffee-roasting operations, two paint-manufacturing plants, a rope factory...
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...