Word: rearmaments
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...King Coal is the economic tyrant of Europe. On both sides of the Iron Curtain, he chills the poor, rocks governments, distorts economies and hampers rearmament. In the West he threatens to undo much of the good done by the Marshall Plan; in the East he blocks Communist Five-Year plans...
...Niemöller had already said enough to give the trip sharp political significance. For nearly three years, he has been speaking contemptuously of West Germany's Bonn government ("It was conceived in the Vatican and born in Washington") and using platform and pulpit to oppose West German rearmament and integration with the West. It was no surprise that the Kremlin had seen fit to invite him to Russia-the first top figure in West Germany so honored since...
ECONOMIC AID. Churchill is determined not to ask for a fresh U.S. loan. But from military and economic funds already appropriated he is anxious to get some dollars. And he wants 1,500,000 tons of U.S. steel to keep Britain's economy-straining rearmament program going...
...over Washington darkened as the most worrisome problems of U.S. rearmament and inflation flew flapping home to roost. Both the C.I.O. steelworkers and the major U.S. steel plants washed their hands of all responsibility for a strike that was set for New Year's Day. After futile attempts to bring them together, Federal Mediator Cyrus Ching conceded defeat and admitted: "It is the biggest domestic crisis we have or could have...
Even if war does not come in this period, the professors add, the defense effort must still face some "very stubborn facts": the strain of rearmament on the economy of European nations, a shortage of critical materials in the U.S., and an "increasingly serious lag" in the production of defense weapons...