Word: stopgaps
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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...
Child Villages. Damage from Russia's ruthless suppression of the revolt is estimated at $500 million. Russia has offered Kadar a $50 million stopgap loan (in convertible currencies) and promised a new $200 million loan for food grains, oil and raw materials. The Petofi Club, where the revolution sparked, has been replaced by the Tancsics Club, whose meager membership is made up of old Stalinist hangers...
More Than Stopgap. This year we have the best farm plank in our Democratic platform that any party ever had . . . We propose to support basic commodities at 90% of parity. We propose to extend protection to perishables through a combination of direct production payments, marketing agreements and production adjustments. In this connection I would like to try production payments to encourage earlier marketing of hogs in the years when the runs are heavy. This may be a good way to help end the anxiety and the anguish of violent price movement...