Word: creeping
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Dates: during 1950-1959
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Pemex is still inefficient, with 40,000 employees doing work that could be handled by 30,000. Graft and nepotism still creep in. Pemex must import $70 million worth of high-grade petroleum products yearly (but exports $45 million worth of crude oil plus some refined products). Its reinvestment rate is not high enough for any truly spectacular progress. But Bermudez does not propose to sacrifice Pemex welfare trappings in risky gambles on fast development. The success to date, he believes, plentifully fulfills Pemex' motto: "For the service of the nation...
...might ease during the year's second half. But before week's end, the day after the President appealed for "statesmanlike action," Pittsburgh's giant U.S. Steel Corp. announced inflationary price boosts averaging $6 a ton (see BUSINESS). To halt the price index's upward creep, Washington was going to need some help from Pittsburgh (Pa.)-as well as Mexico...
Missing Assembly Line. Why, amid the ups and downs of other goods, do non-goods prices creep steadily upward? Partly because they are still catching up with the steep rises of food and manufactured-goods prices in 1945-52. But partly-and more significantly, in a long-range view-because productivity rises more slowly in the service field than in manufacturing. The assembly line is missing, the possibilities of automation scant; machinery can do little to speed up the output of the barber, the bartender, the cop, or the bureaucrat. Yet, in order to hold workers in a period...
...lucky American workers, and millions of people living on fixed incomes, are finding that, with prices going up, their standard-of-living escalators are going down. And the short-range outlook. Bureau of Labor Statistics Commissioner Ewan Clague glumly predicted last week, is that the index will continue to "creep up like this...
Like Digby-Vane-Trumpington, many writers cannot be kept from rope ladders; they love to swarm up the icy cliffs of fiction, creep up on reality in their rope-soled shoes and knock it out of commission with those knuckle-dusters. In the van of these shock troops is British Novelist Alistair MacLean, who in H.M.S. Ulysses (TIME, Jan. 23, 1956) showed his ability to zero in with a battery of heavy cliches, fieldstrip and assemble a character in the dark, and tell an exciting story. MacLean displays the same talents in his current operation, dealing with the eastern Mediterranean...