Word: diverts
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NICKEL PINCH will be eased by more metal from the Government stockpile. After diverting 12 million Ibs. during the first quarter, the Office of Defense Mobilization will divert another 18 million Ibs. in the second quarter...
...grey market premiums for the precious hardener for bumpers, crankshafts and a dozen other parts. The shortage is so critical that the Administration, while getting out of business elsewhere, is expanding nickel output at its Cuban Nicaro plant by 75%. To placate civilian industry, the Pentagon even had to divert 24 million Ibs. of nickel from its stockpiles to civilian use last year, has already funneled out another 12 million Ibs. in the first quarter...
Some critics argue that increased East-West trade would allow Russia to divert resources from consumer production to industrial uses, by enabling her to import many consumer items. This, however, is not a vital consideration. Estimates of Russia's gross national product run to about $125 billion (converted to U.S. dollars and purchasing power). Of this, about fifty percent ($62.5 billion) probably goes for consumer items, thirty-five percent to capital investment, and fifteen percent to military uses. If the U.S. were to increase its trade with the U.S.S.R. to the tune of, for example, $200 million, which is practically...
...would be foolish to argue that the U.S. should suddenly divert its total program of economic assistance into these two programs, no matter how much more acceptable the international programs are to have-not nations. The simple fact is that U.S. bi-lateral programs are generally working well, from India to Egypt. Even more important, the United Nations is just not prepared to absorb the tremendous administrative details which this country's bi-lateral aid programs have successfully handled...
...Charlie Chaplin, now living in Swiss exile (where, he claims, U.S. persecution drove him because of his leftist beliefs), announced plans for a new movie, "the funniest ever.'' Title: The King in New York. Synopsis: A Ruritanian monarch (Chaplin), booted off his throne because he tried to divert his country's atomic research to purely peaceful ends, flees to New York, falls in love with a Madison Avenue huckstress, is persecuted as a Communist, returns to Europe and lives happily ever after...