Word: jointly
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Dates: during 1950-1959
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...hold that position." Johnson began calling space conferences in his green-and-gold office off the Senate gallery. In between he dictated memos on the double, reread the Senate debates that preceded passage of the 1946 Atomic Energy Act, setting up the Atomic Energy Commission and the Joint Congressional Committee on Atomic Energy...
Backing up the President, Treasury Secretary Robert B. Anderson and Federal Reserve Board Chairman William McChesney Martin agreed in testimony before Capitol Hill's Joint Economic Committee that 1) the U.S. economy is basically healthy and can be expected to recover its zip without drastic Government medication, and 2) strong hypodermics, such as a deficit-producing tax cut, might do harm by stimulating inflation fever. Inflation, warned Chairman Martin, will be "one of the most crucial problems we have to face over the next couple of years." Said Anderson: "I can conceive of situations where tax reductions might appropriately...
...European nations (France, West Germany, Italy, Belgium, The Netherlands, Luxembourg) have set out to create a common market that will whittle away tariffs among themselves and build up joint tariff fences against outside countries. Unless it strives to work out tariff-paring agreements with this community-in-the-making, the U.S. will find itself fenced out of a market that now buys 17% of the U.S.'s total exports...
Long & Short. More pessimistic were six economists who testified before the Congressional Joint Economic Committee last week that the recession may not be as short-lived as many people hope. Said Professor Jewell J. Rasmussen of the University of Utah, summing up the group's sentiment: "The possibility of a recession of the more serious type appears to be much greater now than in 1949 or 1953-54," because pent-up demand has been filled. But there was no such agreement among businessmen themselves. The steel industry, in fact, is cautiously optimistic, feels that it has reached the bottom...
...need; Britain, on the other hand, gives a lifetime fuel guarantee with each contract. Still another complaint is insurance. British underwriters have banded together to form the British Insurance (Atomic Energy) Committee to write a plan for insuring foreign nuclear plants. The U.S., while it has finally developed a joint Government-private insurance program for domestic reactors, has no plan to extend coverage to prospective customers abroad...