Word: seaway
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GRACE LINE won first subsidy from the Maritime Administration to operate from the Great Lakes to the Caribbean. Grace will begin service with six ships when St. Lawrence Seaway opens this spring...
...recession, Canada's own underdevelopment was one of its biggest assets. Even giant projects get lost in the huge U.S. economy. In Canada's relatively small economy, the sheer momentum of big basic projects (TransCanada gas pipeline, St. Lawrence Seaway) kept payrolls and profits at near-record levels. Unlike the U.S. Government, Prime Minister John Diefenbaker's Tory government found it feasible to finance antirecession measures. Tax cuts and increased social-welfare payments encouraged consumers to buy at record rates. A $350 million government mortgage-loan program pushed housing to an alltime peak (160,000 starts...
Kennedy has his sights fixed on 1600 Pennsylvania Avenue, and his Senatorial record provides ample evidence of inconsistency, party politicking, and even desertion of the basic needs of this state. Although he refused to vote against the St. Lawrence Seaway, Kennedy introduced a bill supporting a higher U.S. tariff on fish. His support of the jury-trial amendment was received favorably in the South, but not in Northern liberal strongholds. His stand against McCarthyism, moreover, came too late in the game to be counted as a display of anything but opportunism...
...Moving on to Egypt's controversial-and still unbuilt-Aswan High Dam project as a U.S. consultant, he showed plenty of diplomatic savvy in reconciling the divergent views of U.S. and Egyptian engineers during preliminary work. Later he took over as director of dams on the St. Lawrence Seaway project, another job that required low-pressure diplomacy to resolve the conflicting desires of the U.S. and Canada. Last year Armstrong took a pay cut of almost 50% to go home to Utah and a $14,000-a-year job as director of the state's Road Commission. Utah...
...trade promoters like to call the Eighth Sea, the Fourth Coast, the North American Mediterranean. The main payloads on the old 14-ft. canals - iron ore upstream from Labrador and wheat downstream to Montreal-will fill the holds of probably nine-tenths of the ships on the new canal. Seaway planners forecast a traffic load of 25 million tons on the new seaway next season-just double the old seaway's 13 million tons of 1957-and 50 million tons a year...