Word: siphoned
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...shortages. They point out that Japanese weather reports show little unusual weather over China during the year, suspect that the "natural calamities" may have been invented or exaggerated by Red propagandists to account for a shortage of food really attributable to the Communist regime's drive to siphon off food for export abroad to pay for the machines and supplies needed to build up Red China's industry. One U.S. expert said the 1960 crop may actually have been "a little bit ahead" of the poor crop year 1959. Whether due to natural calamity or governmental squeeze...
...German aid fund will tap private industry for a loan of $400 million, siphon off state-government surpluses ($125 million), and drain unused Marshall Plan counterpart funds and the federal government's own customary budget surplus. Still another source: sale to the public of $125 million in shares in the Government-owned Volkswagen works, whose sales abroad have made a mighty contribution to West Germany's foreign exchange hoard. The new aid, announced Economics Minister Ludwig Erhard, would be offered to underdeveloped countries at low interest and over a long term; unlike past German pinch-pfennig credits...
Foreign carriers have rushed into the U.S. in such numbers that 40 now draw from the U.S. market v. 22 in 1949. Most of them get far more than U.S. carriers out of the bargain, often add extra flights to siphon off as many passengers as possible in violation of the spirit of the Bermuda agreement. In return for permitting Pan American to serve Amsterdam, KLM flies into New York and Houston. Result: last year KLM collected $29.4 million on 86,225 U.S. passengers, while Pan Am got only $1,700,000 from 2,842 Dutch passengers. While cutting into...
...Want of a Nail. Each week it lasts. the strike will siphon off from the economy 2,000,000 tons of steel worth $300 million, plus $70 million in steel wages and an estimated $21 million in industry profits. The drain is affecting satellite industries. Around the country, of the 35,000 workers laid off in industries depending on steel, 9,000 were truckers, more than 10,000 railroadmen, several thousand seamen (on the Great Lakes. 300 broad-beamed ore carriers dropped anchor). This week at least another 30,000 nonsteel workers will be idled; next week the number will...
...Moss, 47, won the Democratic nomination by an unexpectedly heavy vote (total Democratic vote was 5,000 greater than total Republican). And waiting in the wings until November is ex-Governor J. Bracken Lee. Diehard Republican Lee, running as an independent, is not expected to win -but might siphon off enough Republican votes to let Democrat Moss sneak through...