Word: postwar
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Dates: during 1950-1959
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...final drastic step, Macmillan had asked the U.S. and Canada to forgo this year's interest on their postwar loans to Britain ($81.6 million to the U.S., $22.2 million to Canada), and had been informed by the U.S. Treasury that Congress would almost certainly consent. In Britain's current anti-American mood this was a humiliating and unpopular move, but it was one that would keep a precious $104 million available for the defense of the pound...
...alone will jump from less than $4 billion annually to $11 billion annually by 1970 to keep up with rapidly expanding demand. Railroads will have to spend $20 billion for new equipment and facilities over the next ten years. The soft-coal industry, which is coming out of its postwar doldrums, will plunk down $300 million annually for new mines and equipment in the years to come...
...beauty treatment. Real Estate Men Peter B. Ruffin and John Galbreath, who built Manhattan's 45-story new Socony Mobil Building (TIME, Oct. 1), announced plans for a 60-story, $50 million to $60 million stainless-steel-sheathed skyscraper, with the most floor space of any postwar U.S. office building...
...fields, but it may also have to shell out as much as $500 million to $600 million from its slim $2.2 billion gold-and-dollar reserves to buy oil in the West. Though Britain's treasury hopes to muddle through, its reserves will probably tumble to a new postwar...
...Bridges' International Longshoremen's and Warehousemen's Union, was convicted in 1953 of violating the Smith Act, 22,000 I.L.W.U. members on the piers and plantations suddenly began to relax quietly into the soft, balmy mood of the Islands. Though they had marched out on 116 postwar strikes or work stoppages before Hall was found guilty, they have seldom misbehaved since. The new look comes partly from a flat look in the union's pocketbook after paying for Hall's defense and Bridges' frequent court appearances to fight deportation to Australia. But it springs...