Word: slowdown
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...Slowdown? But there are already signs that in the long run, a cease-fire would slow the pace of rearmament (see NATIONAL AFFAIRS). Although Defense Chief Charles E. Wilson insists there must be no letup, Government officials who have publicly backed Wilson's campaign to complete the defense program by mid-1953 now privately say it might better be stretched out to 1954 or 1955. Economy-minded Congressmen, already calling for a closer check on military spending, have plumped for a cut of $1 billion to $2 billion in next year's $49 billion schedule of defense spending...
...Slowdown on Parity. Old Artilleryman Harry Truman, firing off his major charge of the week, seemed to have the same slowdown idea in mind for farm parity. He didn't want to freeze parity, as labor unions and consumer outfits were urging him to do. Instead, he proposed that farm prices be stabilized" by calculating parity only once each marketing season rather than monthly as at present. "It won't roll back any prices," said one White House adviser. "All it does is to simplify enforcement of prices already under control." The plan caused an immediate flurry...
...Australia, a Communist-led dockers' union has just relaxed a costly, month-old slowdown strike over a variety of wage and overtime issues which the Government charged were pretexts to hide the real reason: the Communist plot to slow down the British Commonwealth rearmament. The Australian government has tried in vain to deport British-born James ("Big Jim") Healy, Communist boss of the dockers. Last week Australia's efforts to cope with Communism received a heavy blow when the High Court voided a 1950 law outlawing the Communist Party and giving the government power to "declare" union officials...
...Louis used the same old slowdown-and-possession tactics that had won for them two years ago. This did not entirely stop Kentucky's great Bill Spivey (who scored 16 points for the evening), but it did accomplish one of the big upsets of the young season...
With a glittering chance to knock off the nation's No. 1 and 2 teams on consecutive nights, St. Louis threw away its slowdown stuff, switched to a racehorse game, and ran Bradley ragged for the first three quarters. But Bradley stayed close to the pace, caught tired St. Louis, 52-52, with seven minutes to play. Bradley wrapped up the game, the Sugar Bowl title, and top national ranking...