Word: gracing
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Dates: during 1950-1959
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Good Fruit. In Belgrade, where Yugoslav Communists had once trumpeted, "We give our life, but never Trieste!" Marshal Tito reacted with equal grace and calm. "The settlement of the Trieste question," said Tito's Acting Foreign Secretary Ales Bebler, "should be the springboard toward [a] new era in relations." Tito himself spoke warmly of the negotiations that had produced the settlement, paying particular tribute to President Eisenhower for the personal letter which persuaded Tito to give ground and thereby make the settlement possible. The Yugoslav leader added: "With this understanding we are prepared to accept with the greatest pleasure...
...back as most steelmen can remember, Chairman Eugene Gifford Grace of Bethlehem Steel Co. had a consuming corporate desire to merge "Bessie," the second biggest U.S. steel company, with Youngstown Sheet & Tube, the nation's No. 6 steelmaker. Grace first tried to turn the trick in 1930, only to be thwarted in court after a proxy battle with Cleveland Financier Cyrus Eaton, who then controlled 19% of Youngstown stock. This year, at 78, Bethlehem's Chairman Grace announced that Bessie and Youngstown were again planning to merge. Last week the Justice Department, which has been cool...
...lost out in the U.S. Supreme Court.) Even if merged, steelmen noted, Youngstown and Bethlehem would still be second to U.S. Steel, with assets of $2.3 billion (v. Big Steel's $3 billion) and productive capacity of 24 million tons (v. 38.7 million tons). Said Bethlehem's Grace: "The merger would bring a great, new competitive force into the Midwest market...
Under the new program, the U.S. will spend a total of $174 million in ship subsidies for 1955; another private investors will put up another $227 million to build up the fleet. Grace Line and Moore-McCormack have each contracted to replace two of their big passenger vessels (easily converted to troop ships) at a cost of $95 million, of which the lines will pay 53% American President Lines will pay 85% of $65.8 million to be spent for eight new passenger ships and freighters, the biggest such pro gram under the present Merchant Marine Act. For its part...
...Madre"before the firing squads. Into the ear of a warden, Prisoner Koestler whispered"I am no longer a rojo." Henceforth he recognized that the text of reality had been written by no man, and that he would spend the rest of his life trying, in rare moments of grace, to decipher its invisible writing...