Word: expand
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Dates: during 1950-1959
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...about Stalin? We Trotskyists are no friends of Stalin. But Russia is not under the same compulsion to expand as America. Of course, a little territory here, a country sold at Yalta--Roosevelt says 'OK' and Churchill looks the other way--you take it. But Russia doesn't have to choose between expansion or death. It's not Stalinism that's starting war, but American imperialism...
...labor force is first-rate, its wage scales are lower, its raw materials often cheaper, its markets growing. Most important, however, U.S. business has recognized that Canada is still a great industrial frontier. Says General Motors President Charles E. Wilson (whose company is currently spending $30 million to expand its Canadian operations): "This is a vast storehouse of mineral and agricultural wealth waiting for further development . . . G.M. is bullish on Canada...
...Expand Here, Contract There...
Bottlenecks Ahead. Airframe production cannot be stepped up until the bottleneck is broken in electronic equipment and engines. Last week, United Aircraft Corp. was spreading out over 1,000,000 square feet of extra floor space to expand engine production. But President H. M. Homer warned: "There is no miracle that can be substituted for time." At best, United and other engine makers can triple their production this year-and the airframe makers are hitched to that schedule. Fairchild is making only eight of its cargo-carrying Cng "Flying Boxcars" a month, could produce 20 if it could get engines...
Northwest's own grounding of the 202s comes at a particularly tough time for the airline. It went heavily into debt to expand in the last five years, and this year hoped to cash in. It has cut its long-term loans down from $21 million to $16.1 million in the last year, and cut its losses in the first two months this year to $1,152,000-or $1,387,678 less than during the same period in 1950. With its 202s idle, Northwest has only 28 planes left (DC-4s and Stratocruisers). Customers are already kicking over...