Word: fractionated
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Dates: during 1960-1969
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...young VerMeulen who mechanized the AmSeCo foundry back in 1930. Automation is now so prevalent that plant ceilings are a tangle of intricate conveyors that look like a routing man's nightmare. The company employs 500 fewer workers than it did in 1926 when it was a fraction of today's size, and its standard chair-desk sells for just over $12 v. more than $13 ten years...
...exports slipped dangerously in the spring. As a result, Britain, living beyond its means, has spent gold from its reserves to cover the gap five months in a row (at a time of the year when Britain is usually piling up gold). In world money marts, where a fraction of a cent can mean a fever crisis, the pound sterling's value has dropped from par $2.80 to $2.78 11/25, lowest point in four years. At home, the British worker's average wage has risen more than 4% in the past twelve months, while the nation...
...walks of life," concluded the Michigan survey, "realize that business trends have turned up and anticipate further improvement." About the only restraint to optimism is profound public worry over high (6.8%) unemployment. But even that persistent problem may be abating. As industrial production in June climbed to within a fraction of its prerecession peak, the average factory work week jumped to 40.1 hours, its prerecession level. To judge by past recessions, employers put their workers on longer weeks just before they hire new hands, and a marked rise in hours worked is followed by a spurt in employment an average...
...opponents fuming. Says Ribicoff: "The A.M.A. is riding for a fall. Any organized pressure group that tries to frustrate a basic need of the people will find that no matter how powerful it is, it comes out on the losing end." Less to be expected, a sizable fraction of doctors have found A.M.A.'s hard sell a bit overdone...
Brazilians pooh-pooh any lasting effect from Quadros' flirtations behind the Iron Curtain. They argue that Quadros insists on trade first, before any serious talk of diplomatic exchanges. Of the $2 billion in paper deals drummed up in the East, realistic Brazilians expect only a fraction. Says a senior U.S. diplomat in Rio: "If Khrushchev thinks he can make a sucker out of Quadros, he's badly mistaken." Adds Foreign Minister Afonso Arinos: "Brazil will not recognize the Soviet Union offhand, and will not recognize Red China for two or three years-certainly not until it is accepted...