Word: headway
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...throwing in the towel on his dump-Nixon fight. Throughout the week, the haggardly smiling Stassen had endured small indignities: he was booed in the Fairmont Hotel; delegates flaunted insulting buttons saying. "stASSen" and "Stassen Stop Harassin'." Stassen could have taken all that if he had been making headway. But even he perceived that he had underestimated Dick Nixon's strength in the Republican Party. At the eleventh hour on Wednesday he went to Eisenhower, said he was giving up, asked permission to second Nixon's nomination that afternoon. Ike did not give Stassen the satisfaction...
Oregon. Ike's ex-Secretary of Interior Douglas McKay, onetime (1949-53) governor of Oregon, was drafted by Eisenhower in an attempt to unseat Wayne Morse, who was elected as a Republican, is now a Democrat. McKay has made real headway, will get an extra boost when Ike campaigns in Oregon. Morse is in trouble...
...cold war, he plays hot and cold with the Communists. In 1948 he drowned a Red revolt in blood, in 1956 tried his hardest to bring Reds into the Cabinet. Played host to the Bandung Conference, at which Red China's Chou En-lai made much headway. Says "Nationalism, Marxism and Islam can be united" and obviously thinks he can handle the Reds, now Indonesia's fourth most powerful party...
MERGER CURBS are making fast headway in Congress. The House has passed (and the Senate is expected to approve) a bill requiring large companies to give the Government advance notice of all proposed mergers involving combined assets of $10 million or more. If the Government does not object within 90 days, the merger can be completed, though still subject to possible court action later...
FEDERAL FLOOD INSURANCE is making headway in Congress. The Senate Banking Committee has approved a bill calling for a $5 billion program to insure both businessmen (up to $250,000) and home owners (up to $10,000) against a repetition of last summer's disastrous floods. Under the plan, still to be passed by the full Senate and House, the Government will pay 40% of the cost, with property owners chipping in between $2 and $10 per $1,000 of insurance...