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...COPPER CUTBACKS are planned by Kennecott Copper Corp., No. 1 U.S. producer, to boost prices that have slumped to 27?Ib. from 54¼ last year. Kennecott will trim domestic output 12%, or 3,800 tons a month, by slowing operations in Utah, New Mexico, Nevada. Move follows 3,500 tons a month cutback by Phelps Dodge Corp., 3,000 tons a month by Anaconda...

Author: /time Magazine | Title: Time Clock, Dec. 23, 1957 | 12/23/1957 | See Source »

...Deputy Defense Secretary Donald A. Quarles is becoming Washington's newest scapegoat for its defense troubles. Scientist-Engineer Quarles (Western Electric and Bell Labs) is being blamed for enforcing former Defense Secretary Charlie Wilson's stretch-out and cutback policies with too little protest and too much relish. On Capitol Hill, within a fortnight investigating committees of both House and Senate have been critical of Quarles. In the Pentagon, he is in disfavor with the Navy (for criticizing super carriers), with the Army (for refusing it medium-range missiles), and with the Air Force, although...

Author: /time Magazine | Title: BEHIND THE SCENES: Rare Ferment | 12/16/1957 | See Source »

...MILLION ORDER from Navy will help Grumman Aircraft Engineering Corp. out of cutback woes. The Long Island company is getting a $46 million contract to produce propeller-driven, all-weather, radar-equipped WF-2 Tracer early-warning planes and a $40 million production contract for transonic, needle-nosed F9F-8T jet fighter-trainers...

Author: /time Magazine | Title: Time Clock, Dec. 16, 1957 | 12/16/1957 | See Source »

...petitioned the public service commissions of Maryland, Delaware and Pennsylvania for permission to drop its Baltimore-New York City passenger service, once esteemed as the "prestige run." Simpson, himself one of the few top railroaders to rise through the passenger department, had good reason to request a cutback. Of the B. & O.'s $34 million passenger deficit last year, $5,000,000 came from the six daily Baltimore-New York round trips...

Author: /time Magazine | Title: RAILROADS: Traffic Down, Rates Up | 11/25/1957 | See Source »

...Defense Department's announcement that it will restore a $170,000,000 cutback in Air Force Research and development funds "is not a great victory" for those who favor increased military spending, according to W. Barton Leach '21, Storey Professor of Law and member of the Defense Studies program...

Author: NO WRITER ATTRIBUTED | Title: Leach Sees No Gain In Restored Arms Cut | 10/30/1957 | See Source »

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