Word: expands
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Dates: during 1950-1959
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...industries competed for a market that seemed clearly limited by consumers' needs, and the basic needs varied little from decade to decade. Periodically, the needs were so nearly filled that the market and industrial activity declined. In the age of research, industries compete constantly to create new needs, expand their markets and increase production. Says General Electric's Research Director C. Guy Suits: "To an increasing extent, we will determine what discoveries need to be made−and then make them...
...case in point: Colombia. Some 60% of all Colombian breadwinners earn their living in agriculture, yet food production fails to keep pace with population growth. In a report issued last week, a World Bank mission urged the Colombian government to undertake a "mobilization of resources" to expand agricultural output. Among the recommendations...
...announced last week that it is getting into the business of distributing films on TV itself. The studio also announced that it is going to buy or acquire an interest in TV stations (limited by Federal Communications Commission to five for any one owner), said that it will expand its activities to special productions for TV and that it will dump on the TV market for the first time about 770 feature films and 900 shorts, all produced before 1949. Among the features-some of the nation's most popular movies in the past three decades -are Easter Parade...
...operate the refinery at full capacity and step up oil exploration on the island. Trinidad Oil produces about 8,000,000 bbls. of crude annually but is a midget in the international oil industry. Yet no British firm was in shape to buy it, or provide the funds to expand it. In the long run, Texaco's expansion plans would mean increased U.S. dollar investment both in Britain and in underdeveloped Trinidad. Said Chancellor of the Exchequer Harold Macmillan: "If we use our powers to prevent the transaction, we run the risk of denying great material benefits...
...million in four loans, all within the last month. Haiti got $2.600.000 for a three-year road program to improve much of its 1,875 miles of mule-track roads; Finland, $15 million to help finance 344,000 kw. of new power capacity for industry; Norway, $25 million to expand its enormous Tokke power project by 400,000 kw., eventually bring it to 800,000 kw.; Burma, two loans totaling $19.4 million to help improve its Toonerville railroads, turn Rangoon into a first-class seaport with new cargo berths, warehouses, dredges and tugs...