Word: northwester
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Dates: during 1950-1959
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...reduce the dangerous speed of descent, they jettisoned batteries, oxygen apparatus, everything in the gondola that could be torn loose. They were drifting over the sandhill cattle country of northwest Nebraska, and little by little the descent of the balloon decreased to a safer rate. As the gondola approached the ground, the crew detached the gasbag, which soared off on the wind. The gondola dropped the few remaining feet, its fall cushioned by a plastic shock absorber, and the two men from Mars stepped out. Almost at once a light airplane piloted by Don Higgins of Ainsworth, Neb. landed beside...
...empire with huge International Paper Co. is being challenged by Federal Trade Commission. FTC complains International is already world's biggest papermaker (1955 sales: almost $800 million), would lessen competition, tend to monopoly in Western states by adding Long-Bell, which is second largest lumber producer in Pacific-Northwest, one of top U.S. plywood producers. But deal, with International paying $117 million in stock for Long-Bell, can be halted only if FTC hearing next February produces stop order...
...PASO NATURAL GAS will take over Pacific Northwest Pipeline (TIME, Nov. 5), exchange 14 shares of a new common "B" stock for eight common shares of Pacific Northwest. If stockholders approve, deal will make El Paso largest natural-gas supplier in U.S., give it unlimited supply of dry gas from reserves in San Juan Basin on Colorado-New Mexico border plus Pacific Northwest's future dry-gas supplies from Westcoast Transmission's Peace River field in Canada. Combined assets of both companies: $1.1 billion...
...gloomy house in the Hungarian village of Felsopeteny, 45 miles northwest of Budapest, Josef Cardinal Mindszenty, free from prison these 15 months but not a free man, sat alone at dinner. People in the area knew the house as an atomic-research station of some mysterious sort: that was the explanation the Communists had given for the heavy armed guard that surrounded it. Mindszenty's guards paced about uneasily, and a Russian tank stood near by. Suddenly, out of the darkness a small band of young revolutionaries appeared, brandishing machine guns. Before their gun barrels, Mindszenty's guards...
HENRY J. KAISER is returning to Pacific Northwest scene of his big World War II shipbuilding operation. For about $8,000,000, Kaiser Gypsum Co. has bought Fir-Tex Insulating Board, Inc., of Portland, Ore., plus 15,000 acres of timberland in Oregon, Washington...