Word: importance
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Dates: during 1950-1959
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...best and most buoyant steel positions in its history, raised production to a record 16.2 million tons last year. The industry is modern, research conscious and anxious to win new markets. Though Japan is still considered a high-cost producer of iron and steel-mainly because it has to import raw materials-it also manages to compete actively abroad, is moving into South America at the expense of the U.S. industry. Japan's steel industry is dominated by six big firms led by Yawata Iron & Steel, under President Arakazu Ojima, who wants the industry to curb its headlong overexpansion...
Last week Chrysler's fast-selling import from France, the Simca, joined the critical chorus. Aiming at foreign rear-engine cars as well as Corvair, it launched a massive ad campaign proclaiming "the advantages of front-engine cars over rear-engine cars.'' Among them: "Cornering is better . . . more luggage area . . . greater driving stability ... To relax your grip on the steering wheel [of a rear-engine car] at highway speed would be dangerous...
Since the 1953 agreements between the U.S. and Spain were established, the economic aid "pumped" into Spain has amounted to $928,361,000, not $2 billion. These include defense support, PL 480 sales, Export-Import Bank and DLF loans...
...fight experts only grinned and shrugged off Challenger Johansson, 26, as a good, clean-cut Swedish kid, an import of blue-eyed, dimpled innocence who would be diced into smorgasbord by the flashing attack of Heavyweight Champion Floyd Patterson. Nobody was impressed by the fact that Johansson was undefeated in his 21 fights, last year had demolished No. 1 Contender Eddie Machen with the very same right. European heavyweights, however upright their intentions, traditionally have been horizontally inclined against American champions. And Patterson, 24, camping in a grubby New Jersey shack, grimly punishing himself in training with everything...
British economists doubt that exports will continue to rise at their current rate, fear that the trade balance may turn around again when raw material prices rise and import demand in Britain picks up as a result of economic expansion. But Britain is clearly out of its balance-of-trade crisis, and the outlook ahead-in the best British tradition-is solid without being spectacular...