Word: expands
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Dates: during 1950-1959
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...first message brought fresh and timely assurance to 2,000,000 troubled West Berliners. It was also beamed to the 17 million Red-run Germans of East Germany. "As the strength of a new Europe develops," Dr. Conant said, "changes must occur. The frontiers of freedom will peacefully expand, and Berlin will no longer be an isolated citadel." East Germany some day will unite with the West "under conditions which ensure a free democratic government of your own choosing...
Dean Griswold declined to expand this statement, or to comment on the relation of current Congressional probes into colleges and restrictions upon academic freedom...
...rate T.W.A. is going now, it can soon afford to expand anywhere. Last week President Damon estimated a record 1952 revenue of $160 million, up 10%, and a net of $8,000,000, about the same as 1951. Damon, who inherited an accumulated three-year deficit of $18.6 million when he took over at T.W.A. in 1949 has since piled up $28 million in profits. One reason was that by putting the emphasis on low-fare air-coach service he made T.W.A. the biggest air-coach carrier in the world, flew 715 million coach miles last year. T.W.A. is adding...
Millionaire Howard Hughes, who owns 74% of T.W.A. stock, had sunk $10 million of his own money into the airline, and Equitable Life had risked $40 million trying to bail it out. Under empire-minded Jack Frye, T.W.A. had expanded too fast, and piled up debts; retrenchment had trimmed its employees from 17,000 to 12,000. Morale was zero. Damon helped restore it by assuring the survivors that he carried no ax. Said he: "I'll judge everything by three standards: 1) how good a job is done, 2) how much it costs, and 3) how it helps...
...longer-term securities should discourage commercial borrowing, thus tighten up on credit, restrict inflation. Investors other than banks should be lured by their higher interest rates, hence fewer Government securities will be available as cash with which to expand bank lending. And the Federal Reserve System, which in the past was kept busy pouring support money into the U.S. bond market to keep it steady for new issues, will be freer to make major anti-inflationary moves...