Word: grosse
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Dates: during 1950-1959
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After formally declaring Red China an aggressor (TIME, Feb. 12), the U.N. General Assembly set up a twelve-man committee to consider "additional measures" against Peking. Last week, three months later, the U.S. decided the time had come for some additional measures. U.S. Delegate Ernest Gross asked for an embargo on "arms, ammunition, implements of war, petroleum, atomic energy materials" to Red China...
...China would lose little by the proposed embargo, since most U.N. member nations already bar the shipment of arms. But, said Gross: "We think this program will help impress Communist China and its supporters of the unity of purpose of the members of the U.N. . . . It might induce the Chinese Communists to negotiate...
...auto-anti cries, 'The Yanks cannot be doing all this for nothing. [They] organized the Marshall Plan to sell their own goods over here . . .' Perhaps we had better have a few cold figures. The gross National Productivity of the U.S. in 1948 [at the start of ECA] . . . was about $262 billions. [The world] took from her 5% of her total products . . . Last year she produced $278 billions. The world took only 3.6% of her total products ... If the Marshall Plan was invented to sell America's goods abroad, it has been a total wash...
Thanks to such gadgets, the gross of the materials-handling equipment industry has grown from $250 million in 1948 to $1 billion in 1950. Sales are expected to exceed $2.5 billion this year. The biggest equipment-maker, Michigan's Clark Equipment Co., shot from $18 million sales in 1940 to $68 million last year, expects to beat $100 million in 1951. The runner-up, Yale & Towne (1950 sales: $65 million),has doubled production of materials-handling trucks since last June, expects to double it again within a year. Said Yale & Towne's Vice President Elmer F. Twyman...
...team. He worked in the oilfields as an engineer, caught top management's eye by persuading Chrysler Corp. to be the first to convert a big plant's heating system to liquefied petroleum gases (e.g., butane), rose to head of sales research in 1934 (Phillips' 1950 gross: $534 million) and vice president...