Word: stopgaps
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...economists consider stabilization plans only short-term, stopgap methods of straightening out world markets, are convinced that they are as harmful as farm price supports-and will work no better in the long run. Says Simon D. Strauss, vice president of American Smelting & Refining Co., the world's largest smelter and refiner of lead, zinc and copper: "Such agreements, in the short run, would restore order to the market. But, for the long run, metals restrictions are useless. They usually protect the weakest, least efficient party to the pact...
Change in Fortune. For Harold Macmillan himself, the trip to Paris was one more indication of a change in his own personal fortunes. In his first year in office, after inheriting Sir Anthony Eden's debacle at Suez, he was regarded by many as a stopgap Prime Minister, grabbed out of the Edwardian era. His debonair manner annoyed as many as it pleased. Three months ago, scarcely a Tory could be found who looked upon his party's future with anything but dread. Insiders respected Macmillan's parliamentary skill, but the image did not get over...
...Stopgap Skyways. As a stopgap measure to reduce the collision danger, CAA last week laid out three transcontinental air lanes that are completely ground controlled. The new air lanes are 40 miles wide instead of the standard 20 miles, extend from 17,000 ft. to 22,000 ft.; all planes, both military and civilian, in the super-skyways will operate on instrument flight rules, fly at least ten minutes apart. Another five routes are under consideration. In addition, all airlines belonging to the Air Transport Association will fly on instrument rules above 10,000 ft., and military planes will operate...
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...