Word: sputnik
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...LeMay and Air Force Chief of Staff Thomas D. White testified that lack of funds has stalled SAC's "minimum" program for dispersing its bases and improving its capacity for getting into the air fast in an alert. The Administration, said LeMay, has done nothing since Sputnik I to speed up the minimum program, or even to restore the cuts that SAC took during the Pentagon's frantic dollar pinch in the last months of fiscal...
...problems and opportunities abroad will pale beside those in another undeveloped area: the almost uncharted reaches of upper space. Post-Sputnik, the U.S. is determined to surpass the Russians in the new age of space. Obvious meaning to the economy: a sharp rise in Government spending...
...NATO powers are in Paris to meet one logical, overriding need: to preserve the deterrent military-political power that has kept the cold war cold, built a military foundation for West European prosperity. The new threat: Sputnik and the Soviet experimental intercontinental ballistic missile. The new military response: deployment of intermediate-range ballistic missiles in closeup NATO bases around the Russian heartland...
With 40 television cameras peering into their faces. 900 newsmen watching their every move, the leaders labored under a burden of expectations that was of their own making. Conceived hastily as a dramatic device for restoring Western morale in the face of Sputnik, the meeting had been called before anyone had concluded just what it could be dramatic about. "Unless the NATO summit meeting conference achieves something great, it will be a failure,'' declared West Germany's Trierischer Volksfreund, saying what most chiefs of government recognized. But calculated leakage of exactly what each nation would propose...
Speaking to a financial pow-wow in Chicago, Eugene R. Black, president of the International Bank for Reconstruction and Development, made one of the more sanguine statements of the Sputnik period: "My first reaction to the earth satellites was to ask myself the question: If intelligent life is found on other planets, will the people there be borrowers or investors? Of course, if they are investors, there may lie the solution of all my money-raising problems...