Word: lengthen
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Dates: during 1950-1959
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When it slides down the ways, Canada's icebreaker will go a long way toward opening up previously inaccessible seas, will lengthen the navigation season in relatively mild northern waters by weeks -or months. Capable of crunching through 8-ft. ice floes, cruising for a solid year without refueling, it will be able to chart unexplored Arctic shore lines and ocean depths, dump supplies and heavy equipment on islands previously supplied by air alone, serve as a base for weather observations beyond present navigation limits. Said Northern Affairs Minister Alvin Hamilton last week: "No single project could...
...bond market is still in the throes of a shake-out that Wall Streeters compare to the '29 crash in stocks. With the benefit of hindsight, bond experts lay the blame on Treasury Secretary Robert Anderson. Eager to stretch out the public debt, i.e., lengthen the maturing period of Government bonds, Anderson brought out medium and long-term bond issues in June, a poor time because the market was at the top of a speculative binge that had boosted the price of U.S. bonds (TIME, June 30). Many, gambling on a continued rise, bought the new bonds with nothing...
...even retiring Secretary George M. Humphrey agreed-"in a mess." The Treasury had to refinance some $75 billion (28%) of the U.S. debt within a year, and the attrition -demands for cash-in refinancing operations had been running as high as an alarming 30%. Secretary Anderson set out to lengthen the average maturity of the federal debt, which had shrunk to 57 months, thus keep the Treasury from going to the market so often. He hoped to lessen competition with municipal and corporate issues, give the Federal Reserve a freer hand in controlling the money supply. In spite of complaints...
...Killian expressed sharp skepticism about U.S. defense's present three-service structure. "So far," he said, "we have not been able, in the definition of the roles and missions of the services, to keep pace with evolving weapons system technology. As a consequence we lengthen our lead time, we make more difficult our decision-making processes, we needlessly increase costs, and we find it difficult to avoid friction and duplication of effort...
...probably be a good thing for the team to lose, said University of Oklahoma President George Cross. "Overemphasis on the winning part of the game will ultimately destroy it." But Oklahoma Coach Bud Wilkinson and his Sooners did not seem to be listening. They whipped Missouri, 39-14, to lengthen football's longest current winning streak (47 games) and earned a trip to the Orange Bowl...