Word: worth
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Dates: during 1950-1959
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...despite such misgivings, most citizens agreed with Ike that it was worth a Sunday try. "I think it's damned healthy," said Minneapolis Contractor Don Knutson as he thought about the visit. "Whether it's Government or business, you've got to evaluate your competition." Added Mel Costa, a proprietor of a Detroit steakhouse: "If he means peace, I say O.K., let him come. If he doesn't mean peace, the hell with him. We got to show these people we mean business...
...fooled into thinking that Congress had not cut dangerously into foreign-aid programs. Overall spending figures, the committee explained, are deceptive. During the Korean war, the U.S. built up an $8.5 billion backlog of military-aid appropriations. But since 1954 the U.S. has been delivering about $2.5 billion worth of arms to its allies-while congressional appropriations averaged only $1.5 billion a year'. The difference has been made up by digging into the backlog by $1 billion a year. With the backlog now down to $2.5 billion, barely enough to provide lead time on complicated weapons like missiles...
space age is Laurance Spelman Rockefeller, 49, third (after John D. Ill and Nelson) of the five famed Rockefeller brothers. A blue-eyed, trim (180 Ibs.) six-footer, Laurance Rockefeller hardly needs more money; he is worth about $200 million. But he believes that wealthy men have a social responsibility to risk their riches, invest in inventive young companies. Says he: "I like doing constructive things with my money, rather than just trying to make more." The "constructive thing" was to put $5,000,000 into some two dozen long-shot companies since World War II. In doing...
...helping round up $3,500,000 to refinance young Eastern Air Lines in 1938. He saved the day for one of his boyhood heroes, President Eddie Rickenbacker, who almost lost control to a bump-Rickenbacker group. Rockefeller took 24,400 shares of Eastern at $9; each is now worth $155 on a pre-split basis, and Rockefeller, with $3,970,000 worth, is Eastern's biggest stockholder. In 1939 an unknown plane designer, J. S. McDonnell, came to him with some paper plans for an advanced type of fighter. Rockefeller put up $10,000 and McDonnell Aircraft Corp. became...
...Navy brass urged Rockefeller to bail out a sputtering rocket pioneer, Reaction Motors. Against his financial aide's advice, Rockefeller put up $500,000. After a tough decade, Reaction grew strong enough to merge with Thiokol Chemical Corp. last year, and Rockefeller got Thiokol stock that is now worth $4,200,000. In 1950, Rockefeller put $202,000 into low-flying Marquardt Aircraft Co., a pioneer in ramjet propulsion; his interest zoomed to $5,200,000 after Marquardt started making ram-jets for the Bomarc missile. But the fastest rise of all was in Itek. Two years ago Rockefeller...