Word: telegraphs
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...profit, businessmen themselves have been inspired to boost their spending on plant and equipment, which has been one of the weakest parts of the economy in the last few years. This year capital spending will climb to a record $40 billion. The most prodigious spender of all. American Telephone & Telegraph, has increased its annual budget by $1 billion since 1959, this year will raise it to $3.1 billion -more than the gross national product of many nations. Joe Block's Inland Steel has increased its capital budgets from $42 million to $110 million...
...President Joāo Goulart, who rode nationalism to power himself, has called foreign-owned utilities "a cadaver in the road to good relations" and has announced plans to buy out all foreign utility companies in the country. Goulart has already negotiated the purchase of International Telephone and Telegraph holdings, of American & Foreign Power Co. installations, and the Light's Rio telephone company. Since he has paid fair prices so far, and the Light expects to be nationalized sooner or later, the Light would just as soon it were sooner than later. Let someone else listen to the complaints...
Also last week, however, three separate opinion polls indicated that Labor's lead has shortened dramatically in the past month. A Daily Mail survey estimated that Tory support has increased a startling 7% since April. The Daily Telegraph Gallup poll reported a 2.5% gain for the Conservatives, whose support is now estimated at 36.5%, to Labor...
...North Hollywood, Calif., but in casual clothes and bow tie he still looked like an adventurer about to sign up with the Flying Tigers. The oldest man in the garden was General Charles E. Kilbourne, 90, who won his medal in the Philippine insurrection in 1899; he climbed a telegraph pole to mend a broken line in a hail of enemy fire. The youngest was Sergeant First Class Jerry K. Crump, 30, who won the medal in Korea when he threw him self over an exploding enemy grenade to save four companions. President Kennedy honored them all as "our most...
...Guesswork. It is not easy to say who should be believed. From Jeremy Wolfenden, London Daily Telegraph correspondent in Moscow, came word that "Russian sources decisively reject the idea that Mr. Khrushchev will retire either from the premiership or the secretaryship of the party." Merle Fainsod, director of Harvard's Russian Research Center, said Crankshaw "is spinning things out rather thin." William Griffith, research associate on Communist affairs at M.I.T.'s Center for International Studies, declared, "I would not say that the weight of evidence is on Crankshaw's side." But just in case it was, Griffith...