Word: stretchout
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Dates: during 1950-1959
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...procurement and development schedules on hardware. The stretch-out looks fine on paper; it keeps programs alive at a reduced spending rate, preserves the same high-sounding force goals for the future-but only pushes the future farther into the future. Actually, in the day of inexorable change the stretchout wastes more money than any other budget practice. It postpones operational dates on entire weapons systems beyond the time when they are needed, or are effective, lavishes funds upon them long after obsolescence. Items...
...hours from the traditional 8 a.m.-to-2 p.m. schedule, to answer the complaints of many foreign prelates, diplomats and newsmen, who have long protested that it is almost impossible to get the ponderous, antique machinery of the Vatican to grind after lunch. Together, the wage boost and hour stretchout will probably cut down on the Vatican tradition of "moonlighting," i.e., taking on extra spare-time jobs...
Through war and depression unions looked on the time study men with cold suspicion, believed them to be company spies trying to force the "speedup" (requiring a worker to produce more to earn the same pay) or the "stretchout" (putting a worker in charge of more machines). More often than not the "expert" lacked both technical training and knowledge of the job he judged, and even today some companies ask for trouble by using untrained white-collar workers to make time studies. Not until World War II did unions take the first steps toward cooperation with management on the problem...
From the direction of the Defense Department came repeated talk of stretchout and cutbacks in the defense program. From the State Department area came some loose "thinking out loud" about U.S. concessions to communism in the Far East. Firmest of the week's policy moves were indications of reduced aid to European defense. All together, and coming amid the Soviet soft talk, they seemed to mean that the U.S. was willing to match fair words with generous deeds...
Churchill Down. Leaning partly on security, the P.M. said in essence that the government's stretchout of the original three-year defense program would amount to a cut of between a quarter and a third in original goals. Many of the armaments now scheduled would still be made, but for export to overseas customers rather than for Britain's own defense buildup. "Armaments," he explained, "are, in these uneasy days, bestsellers...