Word: fiveyears
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Last week, in his neat, green-walled office at Oakland, Calif., Warren announced a fiveyear, $200 million expansion program. Safeway will build 1,000 big new stores costing $200,000 apiece to replace some of its smaller, old-fashioned groceries. To keep the cash outlay for the expansion low, Safeway intends to sell the new stores as rapidly as they are built, to private investors, colleges and insurance companies, then lease them back. Safeway has used this sell-and-lease-back system on all its 2,166 stores, thus has comparatively little cash tied up in real estate...
...this point, Lieut. General Albert Wedemeyer had surveyed the scene in late IQJ? and reported to President Truman: the dangers to the U.S. in China were "as portentous as those leading to World War II." His recommendation: a sweeping fiveyear aid program, dependent on drastic domestic reforms in China. His prophetic warning: "A 'wait-and-see' policy would lead to ... disturbance verging on chaos, at the end of which the Chinese Communists would emerge as the dominant group." The U.S. did more than ignore Wedemeyer's recommendations. It suppressed release of his report until last week...
Argentina's farmers won an important, if limited, victory. For months they had complained because the Perón government paid them just $1.35 a bushel for their wheat and sold it abroad for as much as $5.75 (TIME, Sept. 29), keeping the difference to pay for the "fiveyear plan." Last month, when they threshed their wheat, they held back as much as they could. Last week, with the crop trickling slowly to the docks, the dollar-minded Argentine government weakened, agreed to pay farmers 24? more a bushel, plus a further 24? a bushel if they would deliver...
...Memorial, as elsewhere, surgery, radium and X rays are still the basic, most successful treatments. Some 90% of Memorial's patients are operated on (the hospital's "fiveyear cure" rate for stomach cancer: 25%). But Memorial is also pioneering in hormones for breast and prostate cancers, radioactive iodine for thyroid cancers, nitrogen mustards for Hodgkin's disease, radioactive phosphorus for certain forms of leukemia, a urine test for early cancer detection, studies of an extract of the adrenal gland, which looks like a hopeful candidate against stomach cancer...
...workable. Questions of bargaining units, representatives, union security, final strike offers would be "subject to election after election," all supervised by the NLRB. The effect would be to create a "fiveyear backlog" of election cases, making the disputants "turn in despair from peaceful procedures to economic force...