Word: rearmaments
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...Investigating Committee of Free Jurists (TIME, Dec. 18, 1950) compiles thick dossiers on the crimes of East German officials, on information obtained from refugees and from well-concealed underground sources in the Soviet zone. Three weeks ago Linse gave the West German newspapers his latest data on East zone rearmament. The secret Communist price on Linse's head was believed to be comparable to that on Dr. Theo Friedenau, founder of the Free Jurists, who has escaped several abduction attempts himself...
...Winners. But Korea upset the friendly game. Rearmament and worldwide inflation rocked the sterling area, sent French prices soaring, started a run on EPU's lending department. By last week, EPU's deficit with the dollar area was still a huge $3.7 billion. Equally alarming, the Payment Union itself was out of balance. Some IOUs (e.g., Belgian francs, Swedish kronor) proved "harder" than others, easier to convert into dollars. The richer nations grew richer, the poor got poorer. Richest of all were the Belgians and their trade partners, the Luxembourgers, who had piled up an unmanageable EPU surplus...
Test Ahead. Now Raytheon has a rearmament backlog of $180 million, much of it for the continental radar defense screen against Soviet A-bombers, and anti-submarine sonar for the Navy. Among its other products...
Despite its rearmament backlog, Raytheon is not neglecting its civilian market, including commercial radar. It recently built the world's biggest antenna for the harbor of Le Havre, France. Last week, with long-sluggish TV sales picking up once more, President Adams flew out to Chicago to show off Belmont's newest "Vu-Matic" television models. The "Vu" stands for very high frequency and ultra-high frequency. Raytheon claims its new tuners will be able to cover the whole radio spectrum...
...such as the Radarange, are still too expensive or not yet ready for mass production. Raytheon, which has never paid a dividend, hopes to have them ready to cash in on when its arms orders are filled. "Our biggest test," says President Adams, "will come in 1954, when the rearmament crest is passed...