Word: dropped
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Dates: during 1940-1949
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...companies that together own 96% of Chile's mines, announced a 30% cutback, laid off 2,615 workers. Higher-cost Chilean-owned mines had already shut down or soon would. That would add several thousand more to the unemployment rolls. Meanwhile, in the U.S., the price drop brought cries from copper-state Congressmen for revival of the prewar tariff on U.S. copper imports. If it were reimposed, Chile would be shut from any big share of the U.S. market...
Life's Blood. Every 1? drop in the copper market cost the Chilean government $5,000,000 in royalties. By last week the price decline had already brought a $32.5 million-loss in this year's foreign exchange budget. The production cut also meant a fall of 1.8 billion pesos in the taxes that Chile collects on mine operations. "If this situation had presented itself in 1952 instead of 1949," sighed President Gabriel Gonzalez Videla, "it would have been of no importance." But at a time when Chile's industrial development program (TIME, May 30) was still...
...make up for the drop in peso income, Gonzalez Videla was ready to ask Chile's Congress for permission to issue new paper money. With part of the money, backed by government-supported bonds, idle copper hands would be employed on public works projects...
...along its way back to a normal route had the U.S. traveled? Harvard Marketing Professor Malcolm P. McNair squinted at the scenery and announced that one-third to one-half the trip had been completed. He guessed the index of industrial production, now around 175, would drop to about 155 before starting up again. The rest of the ride should not be "too severe," said McNair, certainly "less severe" than...
...time the assistant deans' resignations were disclosed, Bender said that only one new upperclass, dean would be appointed to fill, the two vacancies, the decrease in deans corresponding to the drop in enrollment...