Word: corpe
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Dates: during 1950-1959
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BIRMINGHAM, ALA. (pop. 360,150), most concentrated heavy-industry city in Deep South, steel mills, iron foundries, etc., set up 1871 in midst of Jones Valley iron ore, coal, limestone; now centers around Tennessee Coal & Iron Division of U.S. Steel Corp. with 25,000 employees, also diversifies into 720 firms, e.g., Hayes Aircraft Corp., which turn out 3,250 products. Ample cheap labor force: rural white in-migrants, Negroes. Negro population: 38.9%, with rising living standards, though only 21.1% of Negro families make upwards of $4,000 a year against 77.2% of whites. Tourist attraction: Vulcan, 55-ft. monument...
Encouraged by the news from the sales floors, automakers last week concentrated on stepping up production. Though Chrysler Corp. suffered a 14% drop in output because of labor troubles. General Motors scheduled a rise of 25%, Ford 21%. Not until dealers have all the cars they want, sometime in January, will automakers know whether the present spurt is temporary or the signal of a good year ahead. Only then will the industry know whether auto sales can avoid the sharp dip of last January, when the auto recession really...
...talk, the opinions of incoming N.A.M. President Stanley C. Hope, 65, onetime president of Esso Standard Oil Co., were calm and restrained. A native of Springfield, Mass., Hope was president of an oil-equipment company before joining Esso, after his retirement last July joined SoundScriber-Corp. of New Haven, Conn, as president -on a three-day-a-week basis...
...maker of office equipment (after International Business Machines). N.C.R. is hustling to expand beyond mechanical to electronic machines. In this fiercely competitive field, N.C.R. started long after IBM, Remington Rand or Burroughs; its real push began only in 1952, when N.C.R. bought the small Computer Research Corp. of Hawthorne, Calif. (TIME, Oct. 6, 1952). Since then it has moved fast, boosted its research and development bill from $2,600,000 (1.1% of sales) to $14 million (3.6% of sales). This year's heavy research outlay is the chief reason why earnings will dip from last year...
...copy of the old Maxwell auto, made famous by Comedian Jack Benny, sold 800,000. Glaser added the battleship Missouri (still the most successful, with 2,040,000 kits sold), launched his own 89? version of the atomic submarine Nautilus in 1953 six months before General Dynamics Corp. Other bestsellers this year: the Bomarc antiaircraft missile (457,000 kits) and the Talos missile (443,000 kits sold since its October introduction). All are intended to be "tough but rewarding to builders from age six on up." Surprisingly, adults make up 40% of the kit market. Says Glaser: "We lose most...