Word: expander
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Dates: during 1960-1969
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Britain needed urgently to expand its markets and broaden its shaky financial base. Once inside Europe, British industry was confident that it could substantially boost exports to the Six. It also anticipated a heavy influx of investment capital from U.S. and other foreign companies eager to have a British toehold in the Common Market. If Britain were finally excluded from Europe, investment would continue to dwindle and Britain might be forced as a result to make drastic cuts in its living standards. Meanwhile, it may either retreat behind high tariff walls or else return to its classic ideal of free...
...part of his economic austerity program, Olympio had stubbornly refused to expand Togo's flyspeck army beyond its standing strength of 250 men-exactly one company. This angered both the "army" and the demobilized, hard-eyed Togolese veterans of French colonial wars, who had fought from Indo-China to Algeria but could find no place in their homeland's armed forces. Recently, a tough ex-sergeant, Emmanuel Bodjolle, 35, jobless and with a family to support, organized a conspiracy with 30 other noncoms. Last week, after Olympio tore up a final plea to take into the service...
...General Lyman Lemnitzer this month: "I did not want to stay on the fringes of the military. You need the stimulation of a fresh challenge." Fresh challenges are sure to come at Owens-Corning (1961 earnings: $14,300,000 on sales of $226,900,000), which is eager to expand its overseas operations, previously limited to minority interests in seven overseas companies. Owens-Corning's next major international move: the opening next month of a branch office in Brussels, which the company hopes will eventually grow into a wholly owned subsidiary with its own Fiberglas plant in Europe...
...European auto industry could hardly be healthier. Since 1953, its sales have been rising at an average 16.8% annually; last year a decline in exports to the U.S. was more than offset by rising sales within the Market itself. Thus encouraged, nearly all Europe's automakers plan to expand. Ford is building a huge auto assembly plant in Belgium; General Motors' Opel is opening a new factory in the Ruhr; Alfa Romeo intends to hike its output from 300 to 400 autos a day by next year...
...five times as many cars for every 100 people in Europe as there were at the start of the postwar boom. The Common Market economists suspect that this means that auto sales in Europe will soon begin to level off, and they predict that if the automakers continue to expand they will find themselves in 1965 with the capacity to produce 6,500,000 vehicles, but only 5,300,000 sales...