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From 1952 to 1957, the U.S. imported only $61 million worth of heavy electric-power equipment, while exports of the same equipment totalled nearly $840 million worth. But General Electric Co. contends that even these small imports "threaten to impair the national security," wants a Government limit on imports. G.E. argues that U.S. power equipment has "greater proven reliability," that foreign producers maintain insufficient repair facilities in the U.S., and wars or political upheavals "may interfere with delivery" of foreign equipment...

Author: /time Magazine | Title: FOREIGN TRADE: Are Imports Dangerous? | 4/21/1958 | See Source »

...Carson, Sinclair President J. E. Dyer challenged the program's premise that cheap foreign oil is endangering the nation's security by cutting down oil exploration. Despite accelerated exploration in recent years, he said, the nation's reserves are not increasing fast enough. "To disrupt and impair our sources of supply abroad and jeopardize relationships of industry that have been built up with foreign nations over a long period of years can result in a more serious threat to national security than any temporary excess of crude-oil imports...

Author: /time Magazine | Title: OIL: Mutiny for the Bounty | 9/30/1957 | See Source »

...fear that they could produce a monopoly. Bicks soothed their fears. Though Section 7 of the Clayton Anti-Trust Act as amended in 1950 covers all asset acquisitions (it previously covered stock only), the amendments state clearly that "nothing contained in this action shall be held to affect or impair any right heretofore legally acquired." Therefore, he reasoned, a great many of pre-1950 mergers are "not subject to challenge...

Author: /time Magazine | Title: GOVERNMENT: The Word | 7/29/1957 | See Source »

Congress, in its attempts to slash the President's record Budget, is cutting some impractical corners. Since the legislators find it difficult to pare down the large items, they are trying to whittle away lesser expenditures. These cuts seriously impair the functions of the agencies concerned. While the Post Office won its battle, the Weather Bureau now finds itself in danger. Its request for funds should not be sacrificed to the insignificant savings which would result from such cuts...

Author: NO WRITER ATTRIBUTED | Title: Penny Wise | 5/3/1957 | See Source »

...joking and the hoking do not seriously impair the moviegoer's sense that he is sharing in the execution of a great and significant event. And Actor Stewart, for all his professional, 48-year-old boyishness, succeeds almost continuously in suggesting what all the world sensed at the time: that Lindbergh's flight was not the mere physical adventure of a rash young "flying fool," but rather a journey of the spirit, in which, as in the pattern of all progress, one brave man proved himself for all mankind as the paraclete of a new possibility...

Author: /time Magazine | Title: Cinema: The New Pictures, Mar. 4, 1957 | 3/4/1957 | See Source »

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