Word: rea
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...Cruel Sea. In Detroit, Mrs. Netti Rea testified in divorce court that her husband had spent all his money on boats, never named one after her: "He named them for other women. If I'd been a boat, I'd have been well kept...
...Falling farm income . . . Since the G.O.P. took office, farm income is down 17%, farm prices are down 18%, the parity ratio is down 18%. In the face of these hard facts, the G.O.P. 'farm program' consists of lower price supports, less farm credit, less funds for REA...
...POWER is in the works for rural power cooperatives. The Atomic Energy Commission and the Rural Electrification Administration have offered four Texas power co-ops a chance to try out nuclear reactors ranging from 5,000 to 40,000 kw. capacity. Managers of the Texas coops will meet with REA and other officials in Phoenix, Ariz. to find out how much the reactors will cost, how they can be used in REA systems, and whether the Government will help share in the cost of the experiments...
Despite this progress, the get-out-of-business program still has far to go, against plenty of opposition. Government agencies, the Hoover Commission recently found, are almost impossible to kill. "REA is an example . . . Although more than 90% of the nation's farms are electrified, the sponsors of the REA program foresee no end to the need for ever-increasing amounts of Government loans for rural electrification." Many another agency is dragging its feet. Probably the worst offenders are in the Defense Department, where empire builders try to justify their activities by crying "national security...
...Harold Rea's surprise ending to his true story made it Topic A in Toronto business circles for days afterward: "The company I have been talking about is my own company. The chief executive I have been talking about was your speaker...