Word: big
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Dates: during 1950-1959
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Nosing down are U.S. shipments of aircraft (foreign lines are waiting for the jets), cotton (buyers are holding back for a price cut expected later this year), coal (Europe has a big surplus). Dropping also are exports of machinery and steel, cars and oil, for the same reasons that U.S. imports of them are steaming up: the foreign products are plentiful, low in price and of good quality. Comparing the first halves of 1958 and 1959, U.S. imports of electrical apparatus, electronics parts and transistor radios went up from $72 million to $96 million, imports of industrial machinery from...
...responsible economist predicts a serious or sustained U.S. trade imbalance ahead. But no one foresees the big, fat trade surpluses that the U.S. long enjoyed -$6.5 billion as recently as 1957. At best, says Under Secretary of State C. Douglas Dillon, exports will rise $1 billion in the next year, led by lower-priced U.S. cotton and the new jets. These new realities of world trade have moved the Administration to take a sterner view of foreign nations that still jealously preserve high tariffs and import quotas against dollar goods long after the need is past. At next month...
Wall Street's bull showed more concern last week over the coming exchange of visits between President Eisenhower and Premier Khrushchev (see NATIONAL AFFAIRS) than joy in the continued outpouring of record earnings. Some investors in companies with big defense contracts, or in the missile-and space-based electronics industry, dumped their stocks. They felt that any warming in the cold war might bring a cutback in defense orders, even though most Wall Streeters believe that an end to the cold war would be bullish, since it would open the way for a cut in the U.S. budget...
...balding Indiana builder named James Robert Price decided to get ready for the building boom of the 19603 in the fastest way possible. Though he is the boss of National Homes Corp., the world's biggest maker of prefabricated houses, Jim Price felt that not even National was big enough for what lay ahead. That week he walked into the company's Lafayette, Ind. executive offices, pointed to a map and said: "I want a plant here, here and here...
Young Getty believes U.S. trustbusters will consent to the merger, since Skelly and Tidewater operations overlap in very few areas. More important, the U.S. oil business is so big that Tidewater and Skelly account for less than...