Word: detroits
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Dates: during 1950-1959
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What's wrong with the auto industry? Since one in seven U.S. workers depends on the auto industry, Detroit's slowdown is largely responsible for the drop in steel and dozens of other important industries, and is one of the prime reasons that the nation's economic recession has gone...
...Angeles retailers chopped waffle irons from $22.95 to $15.88; Chicago's Sol Polk cut his discount prices on electric skillets from $12.95 to $9.98, and hurried to order another 10,000 small appliances. Yet in many other U.S. cities, the news stirred hardly a ripple. In Washington, D.C., Detroit, Dallas, Denver and dozens of other markets, Fair Trade on these items has long since died. Said a Milwaukee department-store executive: "This is hardly news. We've been selling $28.50 Ronson razors for $6.03 plus trade-in right along...
...Detroit. At the request of School Superintendent Samuel Brownell, a committee of businessmen and teachers tackled the question of just how much vocational training should be given high-school students who will not go on to college. Since the techniques of industry change so rapidly, said the committee, probably the best vocational education is the least vocational. Recommended basic curriculum: "English (literature, composition, grammar) throughout the four years; two years of history ; a year of plane geometry and one year of elementary algebra; a year of biology and at least one year of a physical science; an opportunity to elect...
Firebird Suite. In Detroit, James Scales, 60, confessed that he set fire to the home of his 42-year-old beloved, explained: "I courted her with music, but she busted my guitar over my head...
...been so drastic that few businessmen think they can continue much longer. Steelmen, operating at less than 60% of capacity, are making so little steel that first-quarter production may actually fall some 5,000,000 tons short of consumption, even with the big drop in steel use in Detroit. January auto sales were the most disappointing since 1954 with only 381,000 new cars delivered-down 22.6% from December. Ford Motor Co., after record 1957 sales of $5.8 billion (with profits of $282 million), was off an estimated 30%; Chrysler Corp., with record 1957 sales of $3.5 billion...