Word: programers
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Dates: during 1950-1959
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Through the House Ways & Means Committee last week rode a bill to save the nation's $41 billion, 41,000-mile highway-building program from skidding to a halt. The committee, which ten times has vowed never to boost the federal gasoline tax, changed its mind; it approved a 1? hike to 4? a gallon, effective for 22 months from Sept. 1 to June 30, 1961. The lopsided vote (16 to 9) marked a partial victory for the Administration; it has championed a fiveyear, 1½? boost, bucked a congressional bond-floating plan that would have added huge interest...
...proposed tax boost, in the face of the oil industry that lobbied hard against it. The penny tax will raise about $960 million. After it expires in mid-1961, the compromise bill would earmark $2,445 billion from present taxes on autos and parts to the highway program from fiscal 1962 through...
COTTON CROP will reach 14.8 million bales, largest since 1953, because farmers boosted production 29% over last year under new Government program that allows bigger planting, lower support prices. Current surplus: 8,800,000 bales, mostly owned by Government...
Range v. Money. The exotic-fuel program was a casualty of Defense Secretary McElroy's drive to cut back all "marginal" defense work in an all-out effort to pare down the 1961 budget. It put an end to present hopes for boron-powered planes that would get 40% more energy out of a pound of fuel, thus increase their range (or speed) without adding weight. The Navy has already spent $122 million in the program, the Air Force another $110 million. The first group of 20 B-70s with boron afterburners would have cost $3.5 billion...
...what really made exotic fuel a marginal program was the rapid developments in aviation and rocketry since the program began, plus some hard-to-lick bugs in using the fuel. Jet engines have improved so rapidly, even using cheap kerosene as fuel, that they are rapidly, approaching the efficiency expected with exotic fuels. Furthermore, U.S. missiles that can be fired at a distant target from speeding planes have been developed so fast that an increase in the range of the B70 is not as important as it once...