Word: drain
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Dates: during 1950-1959
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...equipment, running up an import bill that was a full $1 billion higher than the country's export earnings. Such a trade deficit could have been ruinous to a less prosperous country, but Canada took it in stride: the heavy flow of foreign (mostly U.S.) investment offset the drain on gold and dollar reserves. As the year ended, Canada's currency position was so strong that the Canadian dollar rose in value to more than $1.04 U.S., a 23-year high...
...Dual Purpose." One after another, NATO's European members insisted that their economies could not stand any stronger drain on their resources. The answer, they argued, was to provide more firepower with fewer men. How? Equip all NATO divisions with tactical atomic weapons. Since Britain's atomic production is too limited to supply even its own divisions adequately, this came down to a demand on the U.S. Secretary of Defense Charles Wilson pointed out that U.S. law bans the sale of U.S. atomic weapons, but he agreed that the U.S. would supply and train Europeans...
Searching for new laboratory space in 1940, Stanley S. Stevens, professor of Psychology, turned to the eastern part of the basement of Memorial Hall. After an arduous period or reconditioning--he had to drain a room filled with a foot and a half of oil--Stevens founded the Psycho-Acoustical Laboratory, designed for research in the psychological problems of hearing and communications...
...beauty. He left behind, after his death in 1939, a dilly of a will to prove both points of pride. Not counting 235 bottles of scotch, 165 bottles of champagne, 15 gallons of pure alcohol and one bottle "of Howard County applejack (all of which went down the drain to avoid tax complications), he left a round $900,000 to his alma mater, Johns Hopkins University, to build Shriver Hall of materials "the best obtainable in the world." And he tied his bequest down with stipulations that made it to his confreres "one of the most remarkable documents...
...Government. They argue that a stamp plan would be cheaper and make it easier to keep the cheaters out, but thus far, the Department of Agriculture has cast a cold eye on the plan, and Secretary Benson has called it "unfeasible." Chief reason: a stamp plan would not necessarily drain off major surplus items, might become a permanent relief measure...