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...derbies, The Shadow, and Ralph Flanagan's band. For 1952, the recruiters had signed up Singer Frankie Laine ($434,602), a weekly football game ($117,166), and a 15-minute weekly Bill Stern sportcast ($254,867). Just what, asked Vermont's Senator George Aiken, did all this outlay "have to do with the work of the armed services...

Author: /time Magazine | Title: National Affairs: The Pressagent Touch | 10/1/1951 | See Source »

Slichter summed up his views on defense spending for the immediate future by stating that he did not believe total expenditures for security should exceed $55,000,000,000 for the coming fiscal year "unless the need for still greater outlay can be very plainly demonstrated." He feared, however, that the administration would succeed in its quest for appropriations of $65,000,000,000 or more...

Author: By Winthrop Knowlton, | Title: Slichter Hits Excessive Spending for Defense | 9/26/1951 | See Source »

Watered Titles. After the Supreme Court ruled that the Federal Government owns the long-disputed tidelands in 1947, Cord said that he and associates loaded up on certificates (total outlay: more than $1,000,000) permitting them to claim more than 4,000 acres of land. Last February, Cord filed claims on land containing 92 oil and gas wells off the coast of Louisiana with estimated reserves of oil worth $100 million. He argued the land was unoccupied, since the court decision had made the owners of the wells mere squatters. Last year, Cord filed claims to more land...

Author: /time Magazine | Title: HIGH FINANCE: Scrip Scrap | 9/24/1951 | See Source »

...Canada wants to guard herself against the wrong kind of U.S. cultural influence, the commission said, the way to do it is by heavy government spending. The report proposed an estimated outlay of $50 million for a new national art gallery, a national library, historical and scientific museums, to make Canadians more conscious of the best in their national life. Aside from the initial capital outlay, an annual $30 million program was recommended for government sponsorship of the arts and aid to universities...

Author: /time Magazine | Title: CANADA: A Danger of Dependence? | 6/18/1951 | See Source »

...Chancellor's message: higher taxes and continued austerity are necessary, to pay for rearmament and to keep the welfare state afloat. More than a third of Britain's budget will go for rearmament ($4.2 billion, compared to $4.5 billion to be spent on social services), a defense outlay second only to the U.S.'s among the twelve Atlantic pact members...

Author: /time Magazine | Title: GREAT BRITAIN: The Budget | 4/23/1951 | See Source »

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