Word: rearmaments
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...there was no such painless way to deflate the boom. There was one way, however. It was to recognize that expenditures for rearmament and foreign relief were pumping the U.S. economy up to a wartime basis-and to act accordingly...
...more immediate fear of Russia. A French official summed it up this way: "For the Soviet Union, the strategic situation has changed radically this year. Three things have happened: ERP was voted during a U.S. election year, Western Union began to take shape, the U.S. embarked on a rearmament policy. And one thing has not happened-the U.S. economic crisis, on which the Russians counted. So Russia can no longer figure that time is on her side. If Russia wants at any time to go to war, or if Russia thinks the U.S. at any time wants...
Next, the Gimo turned to General Ho Ying-chin, staunch antiCommunist, former war minister and chief of staff. While a Chinese representative at U.N. last year, General Ho had attended a Buchmanite meeting at Niagara Falls.* Friends said that he was a changed man. But, even fortified by moral rearmament, General Ho was not anxious for the headaches of the premiership...
...Frank Buchman's "Oxford Group," which of late years has called itself MRA (Moral Rearmament), was apparently winning other pivotal Chinese adherents. In Nanking last week, Kuomintang Party Boss Chen Li-fu, a devoted Confucianist, said that he hoped very much to attend the Buchmanites' annual U.S. convention this month, in Hollywood...
...rearmament program which Defense Secretary Forrestal laid down before the Senate Armed Services Committee last week was described by him as a "minimum necessity" of U.S. military strength. Its immediate objective was to boost the armed forces to a new total of 1,734,000 men. The breakdown...