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...semifinished slabs. All this takes hours, and sometimes days; continuous casting takes less than an hour. In it, the furnace is set on a tower directly above a tall, vertical mold, which is water-cooled. As the mol ten steel is poured into the mold, it solidifies and inches downward, emerging as a glowing sheet of steel at the bottom of the mold, where it is cooled further and chopped into slabs for convenient handling. Meanwhile, molten steel is steadily added from above so that a continuous ribbon of steel is produced. The continuous casting process can be almost completely...

Author: /time Magazine | Title: Technology: Tower of Steel | 3/29/1963 | See Source »

...power. The Constitution merely states, in the form of a written contract, the degree of sovereignty that the states transfer to the federal government. The sovereignty was principally in the field of defense and operating highways and poet offices. The sovereignty of the states flows both upward and downward--upward to the federal government and downward to the counties and municipalities. Some theorists try to reduce the principle of states rights to an absurdity by saying that if states have a right to disagree with matters of national policy affecting their interest, then counties and municipalities likewise have a right...

Author: NO WRITER ATTRIBUTED | Title: Excerpts from Speech by Mississippi Governor Barnett | 2/7/1963 | See Source »

...independence from Portugal brought Goa under the control of India's austerity economy and stifling bureaucracy. About the same time, foreign demand for its iron ore slumped; production dropped from 1,000,000 tons in 1961 to 650,000 tons last year. Wage scales were adjusted downward to an Indian scale, but the cost of living climbed by 3%. Indian import restrictions abruptly cut off the flow of foreign goods, bankrupting many small merchants, and forcing Goans to pay more for Indian merchandise of a lesser quality...

Author: /time Magazine | Title: World: Province to Colony | 2/1/1963 | See Source »

...election time last June. Canada was in a mess. The country's stock markets plunged downward in Wall Street's wake; the once proud Canadian dollar fell to 92½ U.S. cents, and Canada's foreign exchange holdings fell nearly 50% to a scary low of $1.1 billion. Six days after the election, in which the Conservatives remained in power, but as a minority government. Prime Minister John Diefenbaker suddenly put on the country's most stringent austerity since 1947. Canadian Historian Bruce Hutchison mourned that Canada was "brought to the rim of ruin . . . and became...

Author: /time Magazine | Title: Canada: The Amazing Mendicant | 1/11/1963 | See Source »

...like a roller coaster 70 miles long and nearly three miles high. He reports: "The Jeep path begins at Tezpur, amid groves of banana and banyan trees, then climbs steeply upward through forests of oak and pine to a 10,000-ft. summit. Here the path plunges dizzily downward to the supply base of Bomdi La on a 5,000-ft. plateau, and then zigzags skyward again to the mist-hung Se Pass at 13,556 ft. Above the hairpin turns of the road rise sheer rock walls; below lie bottomless chasms. Rain and snow come without warning, turning...

Author: /time Magazine | Title: India: Never Again the Same | 11/30/1962 | See Source »

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