Word: spurs
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Dates: during 1950-1959
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Last week there was action. The President reminded the U.S. of both its strengths and weaknesses. The stock market rallied. The missile program exploded with successes. The spur-of-the-moment conference between Dwight Eisenhower and Britain's Prime Minister Harold Macmillan, formless in its inception, turned into a program for free world development. Leadership had begun to reassert itself...
Viewed in one light, the Navy's development of Polaris proves the often-raised point that service rivalry can be a valuable spur to research; viewed in another, it proves that if the best plans of each service were pooled to begin with, the U.S. might have better missiles in production sooner. If supplies of money, scientific and engineering brainpower and research facilities were unlimited, the ideal missile program for the U.S. might indeed be to let all three services go on developing complete missile inventories. But with resources tightly limited, the U.S. cannot afford to let competition sprawl...
...major theme of the conference. "Is there time in which to effect these physical improvements in the standard of living, and yet to maintain the basic freedoms in which all of us here believe? We believe there is time−provided that our program in Iran responds to the spur of urgency. To such a spirit of urgency and decisiveness we are fully committed...
Keeping a careful eye on the indexes, the Federal Reserve saw no cause for alarm, nor did it see any reason to spur business by easing its tight money policy −at least for the moment. The Fed has helped to check inflation, said President Alfred Hayes of New York's Federal Reserve Bank, but it cannot risk relaxing credit restrictions while living costs continue "their seemingly inexorable rise." When the proper time comes, said Hayes, the Fed will "work the other side of the street." As for businessmen, General Electric President Ralph Cordiner reflected the feelings of many...
...larger question is, however, what the experience of Little Rock means for the whole South, especially the crucial states of Alabama, Georgia, and Mississippi. The government's action could deter active resistance, or it could spur segregationists to even more uncompromising positions...