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...output, to buy power from a private utility (as it was already doing elsewhere). AEC Chairman Lewis Strauss agreed with Dodge that this was feasible. So did Electric Energy, Inc. President J. W. McAfee, whose Joppa, 111. plant was built to supply AEC's installation at Paducah, Ky.. and could have provided the additional 500-600,000 kw. needed by AEC. On the assumption that Electric Energy. Inc. would do the job, Dodge omitted the steam plant from his budget...

Author: /time Magazine | Title: GOVERNMENT: The Beginning of Dixon-Yates | 8/15/1955 | See Source »

...year ago. But in the past few weeks, FHA has started to dampen the boom. In Dallas last week, FHA announced that it would make no further firm commitments on purely speculative housing, i.e., with no buyer signed up. In 17 other areas, e.g., Fort Dix, N.J., Portsmouth, Ohio, Paducah, Ky., primarily where defense-stimulated expansion has mushroomed building too rapidly, FHA has also rationed the number of loans it will insure, sometimes cutting builders' applications by as much as 90%. Private bankers are also tightening up, pressing for shorter terms on private loans. Last week a group...

Author: /time Magazine | Title: Business: Is It Dangerously High? | 4/11/1955 | See Source »

...important round. From two Securities and Exchange Commission lawyers came the recommendation that the commission approve initial financing of the Dixon-Yates plan to supply power to TVA at West Memphis, Ark. in exchange for a similar amount of power from TVA to the Atomic Energy Commission at Paducah, Ky. and Oak Ridge, Tenn. The contract is legal, said the lawyers, and the proposed profit to Dixon-Yates is "not significantly out of line...

Author: /time Magazine | Title: GOVERNMENT: A Round for Dixon-Yates | 1/24/1955 | See Source »

...biggest chance to show his muscle came in 1951 after Joseph V. Moreschi, president of the hod carriers union, made Dale the union spokesman for a pool of 38,000 construction laborers building power plants at Joppa, Ill. and Shawnee, Ky. for AEC's A-bomb plant near Paducah, Ky. Teaming up with James Bateman, 63, who ruled the Joppa plant's pipe fitters, Dale lost no time in calling on the Joppa plant's major contractor, Ebasco Services Inc., a subsidiary of Electric Bond and Share Co. Pointing out that he was a "Chicago boy," Dale...

Author: /time Magazine | Title: LABOR: The Chicago Boy | 1/3/1955 | See Source »

...seven months the labor situation at the Government's vital Oak Ridge and Paducah atomic-energy plants had been as explosive as an Abomb. The C.I.O.'s Gas, Coke & Chemical Workers union wanted a raise in pay, angrily threatened a crippling strike to get it; Union Carbide & Carbon Corp., which runs the plants, turned down the demands. After a three-day strike last July, Labor Secretary James Mitchell and C.I.O. President Walter Reuther both pleaded for a settlement, but negotiations bogged down again; an 80-day injunction only postponed the inevitable showdown...

Author: /time Magazine | Title: GOVERNMENT: The Peacemakers | 11/22/1954 | See Source »

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