Word: boosting
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Dates: during 1960-1969
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...Steelmakers stand to benefit from any upturn in Detroit, and they sorely need some such boost. Hurt by competition from foreign imports and the cost of new equipment, most steel companies suffered sharp earnings declines in 1967. Net income of U.S. Steel, the industry leader, dropped 31%, to $172,499,331 on sales of $4.07 billion. While that decline was a year-long affair, several rival steelmakers-including Bethlehem, Republic and Inland-showed fourth-quarter profit increases as customers started stockpiling in anticipation of a possible steel strike next summer. Other metals companies, among them Kaiser Aluminum and Reynolds Metals...
...miles from the Pacific port of Tumaco, and in between loom the Andes mountains, requiring a pipeline rising to 11,450 ft. Because of the physical difficulties, development costs became prohibitive for Texaco alone, so the company formed a fifty-fifty partnership with Gulf, which supplied the necessary capital boost while Texaco handled the exploration. The project was christened "Operation Hannibal...
...biggest challenge is laying the pipeline, which will cost Texaco and Gulf about $50 million. Machete-wielding workers are helicoptered into the jungle to clear the land for the disassembled bulldozers that follow. Then pipe is dropped in. Four 3,600-h.p. diesel pumping stations are being constructed to boost the oil up the mountain...
...price increase rose from 2.3% to 3.8%. Figures released later showed the consumer price index up 3.1% for 1967, the second highest annual increase in ten years. Unavoidable injections of extra dollars into the economy, such as higher federal pay scales and social security benefits, are virtually certain to boost consumer spending this year. Ackley predicted that the increase in the gross national product would set a new record in the current quarter, exceeding the $18.5 billion advance in the last quarter of 1965. And as domestic inflation worsens, it becomes ever more difficult to reduce the U.S. deficit...
...Nelson Rockefeller, whom recent polls show rising in the esteem of voters, got a potentially valuable boost from Martin Luther King. "I feel he is the only man mentioned on the Republican side who can win for the Republican Party," said King, without specifically endorsing the New York Governor. Though Rocky still insists that he will not be a candidate, Arkansas Governor Winthrop Rockefeller allowed that his elder brother may well change his mind and announce his candidacy for the presidential nomination if George Romney "drops...