Word: writes
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Dates: during 1950-1959
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...Great Britain, Belgium and 26 other nations. As each of these nations signed similar agreements with dozens of other countries, a tangled net of concessions, quota restrictions, special licenses, etc. was created. To simplify matters, the U.S. helped sponsor a meeting of interested nations after World War II to write a single, broad General Agreement on Tariffs and Trade. GATT contained thousands of tariff concessions and a rule book on trading, e.g., a signing nation would permit free transit of goods covered by the agreement, would not levy discriminatory taxes to keep imports out. It included an escape clause...
Only eight months ago, the Office of Defense Mobilization decided that the U.S. had plenty of aluminum. It announced that the expansion program, aided by fast tax write-off certificates of necessity, was being overdone, canceled a third round of expansion that had been pending for two years...
...Emmerglick, once the Justice Department's expert in the Alcoa antitrust case, chimed in. Soon after the Korean war began, ODM decided to add 1,800,000 Ibs. to U.S. capacity, and push total production to 3.2 billion Ibs. by 1955. It gave the Big Three fast tax write-off allowances for new plants and proceeded to buy any new production the companies could not sell in the open market. In return, the Big Three agreed to deliver one-third of the new plant output to independent fabricators. But, charged Emmerglick, they have been failing...
...release another 250 million Ibs. in the last half. Said Flemming: "It does not make sense to . . . stockpile [a specific amount] if that tends to undermine seriously the economy." It also looked as if Flemming was going to spur a third round of expansion by handing out fast tax write-offs...
Test Pilot William Barton Bridgeman, 38, is the first flyer to write a book telling how it feels to ride a rocket aimed at space and fight the sky at 1,200 miles an hour. In his autobiography Pilot Bridgeman (TIME, April 27, 1953) describes a three-year skirmish in the U.S. campaign against the unknowns of speed and space as a personal battle. The result: one of the year's most fascinating adventure stories...