Word: ironed
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Dates: during 1950-1959
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...resulted in the nation's biggest postwar rice crop. The previously soaring cost of food was solved overnight by raids on warehouses that proved heavily stocked with hoarded goods. Currently, Burma's greatest problem results from the thousands of Chinese fleeing across its borders to escape the iron grip of the people's communes...
Since then, in a hushed movement that all sides are anxious to minimize, some 10,000 Rumanian Jews have crossed the Iron Curtain carrying exit papers for Israel. In Rumania, long known for its virulent antiSemitism, the Jews get little help from anyone. During the Nazi occupation, their numbers were reduced from 757,000 to 430,000; after World War II about 60,000 were allowed to emigrate to Israel. Today's flashes of anti-Semitism stem partly from the prevailing economic discontent, and from resentment of those Jews who became Communists after the Russians took over-the Russians...
...like Daddy Warbucks (blue suits, grey Homburg) and resides in manorial splendor on huge farms (champion Shorthorn beef cattle) in Ohio and Nova Scotia. His personal wealth is estimated at something like $100 million, and his hard-knuckled grip on U.S. industry extends over a $2 billion empire of iron and steel, railroads, shipping, coal and paint. Cy Eaton picked up his empire by lone-wolf feats of financial derring-do that have brought him more bitter court fights, proxy wars and Government investigations than almost any businessman of his time...
During the 1930s and '40s, Eaton was busy parlaying what he salvaged from the Depression into a second fortune even bigger than the first. With the financial help of RFC, Eaton diverted an Ontario river and drained a lake to get his huge Steep Rock iron-ore mine working, went back into steel by forming Portsmouth Steel Corp. with holdings in Detroit Steel and Cleveland-Cliffs Iron, helped that other great RFC beneficiary, Henry J. Kaiser, bankroll his ill-fated auto venture. Then, at a critical moment, Eaton backed out of a deal to underwrite $11.7 million worth...
...move would create a giant even bigger than Krupp-Bochumer Verein, with a 6,000,000-ton capacity and nearly $1 billion in sales. Mannesmann, the No. 4 steel producer, recently eliminated several of its subsidiaries, absorbed them into the main firm. The trend to growth extends beyond iron and coal. Friedrich Flick, a prewar steel baron who was forced to sell off many of his holdings after he was sent to prison as a war criminal, has built a new empire in autos. He got control of Daimler-Benz, joined it with the big Auto Union manufacturer to form...