Word: propped
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Dates: during 1950-1959
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...investing in its first jet-powered basic trainer, the Air Force hopes to save money by sharply reducing the flight hours necessary to qualify a cadet for supersonic fighters and bombers. Flight cadets will drop 90 hours of prop training in North American's T-28 trainer, take the stick of the Cessna jet after only 40 hours of basic piston-engine flight in Beech's Mentor (T-34. In the T-37, instructor and student sit side by side instead of tandem. With 150 hours in the T-37, the student can step up to Lockheed...
...Manuel into operation, the Government gave Magma a strong helping hand: a $94 million loan from the RFC, fast tax write-offs on plant and railroad, and a price prop at 24? a Ib. With copper now selling at 43? a Ib., Magma's rough-and-ready President Wesley P. Goss had plenty of reason to fire up San Manuel ahead of schedule. Says he: "When you have more than $100 million tied up, you are interested in getting into production as quickly as possible and getting some of those dollars back...
...party was an invaluable prop to his dictatorship. Founded in 1949 and force-fed on government funds and jobs, the party grew to 3,000,000 members. Working against divided opposition and favored by winner-take-all election laws, the Peronistas were eventually able to name all but twelve of the 200 legislators in Congress. By party statutes, Chief of the Movement Perón passed on all candidates and party leaders. Charged the decree that dissolved it: the party "served unconditionally all the deviations, violations and arbitrary acts of the former ruler...
Ottawa economists attributed the dollar's drop in part to the fact that foreign investors, mainly in the U.S., have been selling Canadian securities to seek higher returns elsewhere. New investment from the U.S. and abroad-the big prop under the Canadian dollar in recent years-also tapered off, and Canada's adverse balance of trade was having its downward effect. The Bank of Canada last week announced an increase in its interest rate on loans to banks, from 2% to 2¼%. The change, mildly deflationary in its effect, may tend to boost the Canadian dollar again...
This Moore-McCormack deal follows a similar one with American President Lines (TIME. Jan. 17), which called for 19 ships at a cost of $175 million. By these deals, the Maritime Board hopes to keep the U.S. merchant fleet in trim and prop up employment in U.S. shipyards...