Word: pinching
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Britain's severe economic pinch. Under existing law, the U.S. cannot turn nuclear warheads over to the British, but will store them at U.S. depots in Britain...
Tennis Balls & Stewpots. In the past year France's high cost of living has gone up an estimated 8.5%. Every Frenchman feels the pinch of inflation, but the index does not show it because of Finance Minister Paul Ramadier's artful policy of "dipping the thermometer in cold water." The index is based on the Paris price of 213 commodities which include tennis balls, long underwear and iron stewpots, but do not include gasoline or green vegetables (up 33% in the past year). Seventeen times in the past ten months, as the index trembled toward 149.1, white-goateed...
Wasting Victory. For a moment after the humiliating forced withdrawal of Britain and France, Nasser seemed stronger than ever. He had withstood, at least for a few days, two of the world's greatest colonial powers, and he had all Europe squirming in the economic pinch of the blocked canal. But the victor of the November crisis has not fared well under the wasting pressures of its aftermath. The blocked canal has cost Egypt heavily in revenues and business dependent on its traffic; Port Said is an economic wasteland and its citizens in an ugly mood. Egypt...
Aside from fighters, the budget cutbacks may also affect the production of other planes, mainly light bombers and transports. Douglas, for example, will phase out its twin-jet B66 bomber in 1958. It will also feel the budget pinch on its previous high hopes for the mammoth C-132 transport (see cut), a new turboprop aircraft that can carry 200,000 lbs. of cargo 3,500 miles at 450 m.p.h. speed. Instead of receiving a big contract, Douglas may in the end produce only a few of the planes. But it will still have a heavy backlog of orders...
...them. The demand for better roads will give an edge to the big contractors, since state highway officials are expected to parcel out longer pieces of road in a single contract, rather than chop them up in six-or seven-mile bits for smaller local operators. This should not pinch the small man, because the pie is big enough for all. But it will make for efficiency. As U.S. Public Roads Commissioner C. D. Curtiss said last week: on a $300,000 job, contractors can build only $1.56 worth of highway for every $1 worth of equipment...