Word: multimillion
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Dates: during 1950-1959
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Nimbly, Odium had shifted some burdensome problems on to the broad shoulders of General Dynamics' President John Jay Hopkins, who had courage to take on Convair. Only eight months ago its B60 bomber, on which it had pinned its biggest hopes for multimillion Government orders, had been turned down by the Air Force in favor of Boeing's B-52 (TIME, Aug. 4). But Hopkins was making a calculated gamble on a longer-range future. Convair has the Government contract to develop an aircraft driven by atomic propulsion. Since Hopkins' own company already has the Navy...
Doubtful as history, Salome is just as dubious as screen entertainment. A turgid multimillion-dollar blend of sex, spectacle and religion, it has been directed with a ponderous touch by William Dieterle. Chewing at the Technicolor scenery are Charles Laughton as a fat, licentious Herod, Judith Anderson as an evilly scheming Herodias, Alan Badel as a weirdly wild-eyed John the Baptist, and Stewart Granger as an intrepid Roman commander. Actress Hayworth does her best in the dance of the seven veils. With choreography by Valerie Bettis, Rita is the very picture of a Galilean glamour girl...
...case of Minot ("Mickey") Jelke III, 23, newsmen from papers all over the world had a story made for them. Jelke, a socialite heir to a multimillion dollar fortune, was accused of managing a circle of glamorous prostitutes who operated in Manhattan's glossiest nightspots and, for that matter, around the world (TIME, Feb. 2). This week, as the press warmed up for the first headline-making days of the trial, reporters got an unexpected and bitter piece of news...
...petrochemical industry, based on the immense natural gas resources of the oilfields, seemed the fastest grower in 1952. In Texas, where new multimillion-dollar plants were no rarity, some Texans predicted that petrochemicals would outstrip oil as their biggest industry. But Texas and the Gulf Coast had no monopoly on petrochemicals; California was giving it a race, and in the Great Plains' great new oil province of the Williston Basin, North Dakotans were predicting that their own petrochemical industry would soon arise...
...basin, the oil companies are already spending an estimated $100 million a year. A Standard of Indiana subsidiary is planning a pipeline to Mandan, across the Missouri River from Bismarck, and Standard itself will build a 15,000-bbl-a-day refinery. Amerada will have to put up a multimillion-dollar plant to take natural gasoline out of the gas now being "flared" (i.e., burned) at the well. Enthusiastic businessmen predict that a prairie empire of chemicals and synthetics, rivaling the Gulf Coast's, will rise from these new sources of raw materials. So far, lack of transportation...