Word: stopgaps
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Dates: during 1950-1959
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Both Brazil and Colombia want the U.S. either to set minimum prices for coffee and establish import quotas for each coffee-growing nation or begin stockpiling. The U.S. is not yet ready to go that far. It is willing to grant stopgap aid, e.g., a $103 million loan to Colombia a fortnight ago. And it is willing to work jointly on plans for more orderly marketing. "The U.S. finally has admitted that the problem is mutual," said one Latin American ambassador in Washington last week. "That's quite a change...
...newest crash threw official Washington into a fresh swivet of air-safety hearings and investigations. Out of it all, two days later, came an unprecedented stopgap presidential proclamation that 1) required military jet aircraft to fly by Instrument Flight Rules while in the civil airways below 25,000 ft.-later reduced to 20,000 ft., 2) prohibited jet penetration swoops from high to low altitudes through civil airways. Exception: emerency jet-bomber and fighter "scrambles," which would be continued whenever necessary for the national defense. Said the President's special assistant for aviation affairs, retired Air Force General Elwood...
Most of these moves were admittedly stopgap; e.g., it is entirely possible that neither Jupiter nor Thor but the Navy's solid-fuel Polaris is the IRBM of the near future. Neil McElroy has not yet had to put his personal drive or his organization-man's skill to the fullest test. Before he is through, he will have to. For the U.S. Secretary of Defense is no longer a man who prepares for hot war while the Secretary of State wages cold war. Indeed, U.S. defense shortcomings have been a major factor in the weakening...
...SMALL BUSINESS LOANS will be available for first time since Feb. 1, when Small Business Administration ran short of funds for everything except most urgent disaster borrowing. Congress has allocated $45 million in stopgap funds until new fiscal year begins July 1, and SB A is ready to lend $26 million to 475 small firms with backlogged applications...
Until the reforms get under way, Spain hopes to get a temporary summer fillip from the tourist trade (about $100 million a year). But for the long haul, Spain looks for U.S. aid to put the country on its feet. Since 1954, stopgap U.S. food shipments at times prevented near fam ine, and $460 million in U.S. aid virtually kept the country solvent. Last week Span ish newspapers were blasting the U.S. for doling out less than the $200 million a year that Spain insists it needs. Actually, Spain will get very close to that amount: about $150 million...