Word: progressives
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Dates: during 1950-1959
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Minnesota's Democratic Senator Hubert Humphrey denounced the Administration's "pseudo optimism," proposed a special agency for coordinating U.S. scientific and technical programs (Michigan's G.O.P. Senator Charles Potter went Humphrey one better, urged a Cabinet-level Scientific Progress Agency). Missouri's Democratic Senator Stuart Symington demanded a special session of Congress, criticized the President for being "paternalistically vague...
...many Republicans and other Administration friends. Said Vermont's Senator Ralph Flanders, a member of the Armed Services Committee: "Let the Administration shake off its complacency and act." Kentucky's Senator John Sherman Cooper called upon the Administration to face ihe "harsh reality'' of Soviet progress: "If there have been faults in the organization of our missile program (see box opposite), or if arbitrary spending limits have been imposed, it is imperative that we correct them immediately and make a maximum effort." Said former U.S. Ambassador to Italy Glare Boothe Luce: the beep of the Soviet...
...doctrine: "The most successful means for the achievement and retention of prosperity is competition. Only by competition can an economy expand to serve all people, especially in their capacity as consumers, and dissolve all advantages which do not result directly from higher performance. Free competition thus leads to progress and profits for the whole social order...
CAPITALISM, often misinterpreted, often misunderstood, took on new dimensions in San Francisco last week. Recognizing the competitive challenge to free enterprise in a world clamoring for swift material progress, 551 bankers, government officials and business leaders from 62 nations gathered for the first such meeting to assess the vast needs and soaring hopes of the free world. The occasion: a week-long International Industrial Development Conference sponsored by TIME-LIFE International and Stanford Research Institute. The conference theme: Investment−Key to Industrial Development...
...inflation. Managers warned that trained consultants and technicians were in critically short supply. Westerners emphasized the need to protect investors in new lands seething with nationalism. Asians warned that impatient peoples cannot depend on private capital alone to finance the basic developments of industrial society (see Paths of Progress...