Word: nickel
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Dates: during 1950-1959
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Cuba. Forty-seven Americans-30 sailors and marines, 17 civilians, most of them sugar and nickel company employees -were rounded up in eastern Cuba and herded into the mountains by rebel guerrillas headed by Raúl Castro, left-wing brother of Cuba's Rebel Boss Fidel Castro (see HEMISPHERE). U.S. Consul in Santiago de Cuba Park Wollam and Vice Consul Robert Wiecha jeeped into the hills, talked with rebel leaders, got a promise that Americans would be let go, set up a Navy helicopter lift that began hauling out the prisoners a handful at a time...
...Fidel Castro and Dictator Fulgencio Batista. Their captor and genial host: Raúl Castro, Fidel's younger brother, who was mistakenly convinced that the U.S. is arming Batista. Wishing to teach Washington a lesson, young Castro decided to kidnap Americans wholesale from the neighboring sugar mills and nickel mines, and from among the personnel of the U.S. Guantanamo naval base. But he was also at pains to let his captives know that he meant no offense...
...Park Wollam set off into the hills with a pair of Cuban guides. His mission: negotiating the release of ten U.S. and two Canadian executives and engineers kidnaped by Raúl Castro's men two days earlier from the village of Moa, site of a $75 million nickel-processing plant under construction for Freeport Sulphur Co. (TIME...
Profits & JATO. Aerojet's high-thrust activity has turned it from a mere nickel salute 16 years ago into the General Motors of U.S. rocketry. On 1957 sales of $161.9 million, it netted $3,800,000. This year's projection: sales of $180 million, with...
...Capitol Hill last week: nickel-nipping mood, the House voted $38,409,561,000 for defense-$212,614,000 more than President Eisenhower requested. Part of the extra money is to go for keeping the Army, Marine Corps, National Guard and Reserves at present manpower levels. The Administration had planned to trim uniformed manpower...