Word: jointly
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Dates: during 1950-1959
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Starchy Substance. U.S. irritations first broke out into the open fortnight ago when General Nathan Twining, airman head of the U.S. Joint Chiefs of Staff, bluntly told a "secret" session of NATO's military committee that French obduracy over air defense and atomic weapons was heavily responsible for NATO's inadequate state. When Twining's remarks were leaked to the Associated Press, France's touchy officialdom howled with injured pride. The touchiness increased with the U.S. abstention in the U.N. Assembly vote on Algeria, which France did not take as indifferently as the U.S. expected (TIME...
...Heavy Price." In contrast with the night of cries and hoarse cheers, the formal joint session of India's Parliament next day seemed a world apart. Ike's speech to Parliament had been planned as the highlight of his Asian trip but it got only a lukewarm reception (13 desk-banging applause interruptions), partly because it said some things about force that neutralist Indians did not particularly want to hear, left unsaid some others-such as a massive foreign-aid commitment or a resounding promise to fight beside India in case of Chinese invasion-that they wanted very...
Back in Manila, proudly wearing MacArthur's Medal of Freedom, Lewin opened a cabaret and became the city's leading sports promoter (including the world's bantamweight boxing championship match in 1947). But he hit the really big money with a gambling joint called the Key Club off Manila's Dewey Boulevard. He was also a generous spender who won friends by donating $15,000 to a polio clinic and giving freely to orphans, lepers, war refugees...
...legislature as a three-term Republican. A strenuous-life aristocrat in the T.R. style, Lawyer Dana was an off-hours National Guard cavalryman, punched cattle in Mexico summers to stay in shape. At 36 he reorganized New Jersey's Spicer Manufacturing Co., maker of the first successful universal joint for autos. By the time Spicer was renamed Dana Corp. in 1946, it was a Toledo-based complex of five thriving auto-parts companies. Net sales last year: $168.5 million...
Plow-Backs. In Brazil, 23 of the 56 top stocks on the Rio and São Paulo exchanges are joint ventures. Japanese interests hold 40% of the USIMINAS steel plant (annual capacity: 500,000 tons), U.S., Canadian, French and Israeli interests are partners with Brazilians in seven cement plants. In Argentina, Kaiser Industries, which makes 2,500 vehicles a month, is owned 51% by Argentine stockholders, 16% by the Argentine Air Force, 33% by the U.S. parent firm...