Word: demanding
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Dates: during 1950-1959
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...Desires. It may be that Kassem withdrew from the Baghdad Pact only to quiet Nasser. But the more worrisome likelihood is that Kassem is responding to another pressure on him. The Reds, in the guise of helping him in his consolidation of power, have made four demands on him. The first was to denounce the Baghdad Pact, as he has just done. The second was to purge his army and his administration of people whom the Communists object to. This too is going on. The Reds demand vengeance against all who participated in the Mosul rebellion (TIME, March...
Slouching angularly at his front-row desk in the House of Commons, Conservative Prime Minister John Diefenbaker deftly handled some fast-breaking problems of state. With a quick parliamentary shuffle he bottled up a CCF (socialist) demand for Canadian recognition of Red China, thus earning Washington's warm approval. He coolly denied strife-torn Newfoundland (TIME, March 23) the lavish federal aid that the province wants (leading Liberal Premier Joseph Smallwood to cry "betrayal'' and drape provincial buildings in crape). Then, as the House droned toward Easter recess, weary John Diefenbaker caught a Saskatchewan-bound jet transport...
...Washington, Means published a study of price trends in the Depression to which he gave the title: "Industrial Prices and Their Relative Inflexibility." In it Means said that the classical Adam Smith laissez-faire free market, in which prices are set by a constant interplay of supply and demand, did not exist. In place of Smith's market-price theory, Means offered his administered-price theory. Said he: "An administered price is a price set by someone, usually a producer or a seller, and kept constant for a period of time and for a series of transactions. The opposite...
...cuts brought a cry from Standard of Indiana that they are "grossly discriminatory." As other importers also stormed over the Administration's move, independent Texas oilmen (who produce more than 40% of the nation's crude output) put on contented smiles. U.S. domestic oil demand is now running at about 9,000,000 bbl. per day and is expected to increase this year to 9.4 million bbl. daily. With U.S. daily crude production about 7,000,000 bbl. and total imports cut to 1.5 million, it is domestic producers who will make up the 1,000.000-bbl. daily...
...that the cut in imports would help national defense-by increasing drilling and U.S. reserves-the oil industry's own figures last week showed that there need be no worry over reserves. The American Petroleum Institute reported that drilling had declined slightly last year. But a falloff in demand, plus imports, had slowed the drain on U.S. fields. Thus, U.S. crude reserves at the end of 1958 stood at an alltime high of 30,536,000,000 bbl., up 235 million from the total the year before...