Word: cutbacks
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...good music, mostly classical. But as WQXR reaped prestige, it also reaped advertisers-so many, in fact, that its listeners began to complain. One of the complainants: Listener No. 1, Times Publisher Arthur Hays Sulzberger. Upshot: this season WQXR has invoked what it believes to be the first commercial cutback in broadcasting history, is eliminating all one-minute spots following sponsored programs (representing a $150,000 annual "loss"), also will carry only one brief commercial in the two hours on Saturday nights when the Boston Symphony plays...
...considerable number of Congressional lobbyists returned home this year with a wide grin of content, while a group of foreign policy experts sadly shook their heads. The chief reason for the lobbyists' "job well done" expression was the Congressional cutback in the Administration's foreign aid bill. The conservative business, manufacturing, and extractive industries which these men represent feel safer from economic competition from the "developing world" and feel somewhat more secure about a tax rate rise with foreign aid cut by a billion dollars...
...Cutback. Half the metal in North American's Navaho missile was to be titanium; Republic built the all-titanium XF-103 experimental fighter. But both projects were scrubbed in recent defense cutbacks. Production of Boeing's B-52 bomber, whose Pratt & Whitney J57 engine took more than 50% of all titanium mill output last year, was stretched out. To compound the trouble, the Government cut stockpile buying to a trickle...
...economy still shows too much vigor for that. But the boom psychology that has nurtured high-riding confidence for more than two years is sensitive to the least faltering in the economic indexes. Last week there was enough evidence of a flattening out in the boom, added to the cutback in Government spending, to send the stock market spinning (see below) and to have an unsettling effect on businessmen and economists alike...
...authorized divisions; the Navy, from 875,000 (including 200,000 Marines) to 850,000, will maintain combat units at authorized size, keep the Marines at three divisions; the Air Force, from 925,000 to 900,000, will make no cuts in combat outfits. One probable overall effect: a further cutback in draft calls...