Word: cements
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Dates: during 1950-1959
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Then the Committee got to the red ink. Despite increases over 1955, production of steel, coal, cement and timber in 1956 did not reach the goals set by the Sixth Five Year Plan adopted a year ago. In addition, scowled the Committee, "the plans for housing have been only partly fulfilled," which was a soft way of saying that Russia's desperate housing situation is in terrible shape...
...omnipresent state handles most of the nation's banking and insurance, monopolizes coal imports, operates the railroads, the power plants, the telephone system, a huge slaughterhouse, liquor distilleries, oil refineries, fisheries, cement plants, a repertory theater, an ambulance service and a string of low-cost restaurants. This statist structure is costly in both obvious and insidious ways. Uruguay suffers from Latin America's severest case of bureaucratic bloat, with 150,000 civil servants out of a labor force of 1,000,000. Government deficits pile up year after year. And under the state's blanket benevolence, incentive...
...Solid Cement. The building-materials industry was also a mixed bag. Despite peak sales, Johns-Manville reported a drop in third-quarter income to $6,967,861 v. $7,178,801 a year ago. But the cementmakers were up: Consolidated Cement netted $584,400 v. $465,200 a year ago; General Portland Cement earned $2,441,500 compared with $2,086,000; Penn Dixie Cement rose 23% over last year's third quarter...
...delicacy of the situation, it is fortunate that Mr. Dulles hit upon the formulation above; it is indeed uncanny, especially considering the context from which it emerged. Over and over in the same address, he reiterates the need for strength in the West ("we cannot rely on the cement of fear alone") and America's "historic role" as a virtuous nation. Also, as usual, he insists on "waging peace...
This year Munoz Marin is challenged by a man renowned enough to cut down the 65% majority Munoz Marin earned in 1952. Luis Ferre, 51, is a member of Puerto Rico's most important and progressive industrialist family. Master of a fortune earned in cement, glass, shipping, tile-making and trucking, he believes that "industry is not a collection of machines and tools and buildings. It is a social entity that has the responsibility of realizing the happiness of those who work in it." Ferre industries were famed for paying a $1-an-hour minimum wage long before...