Word: ironed
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Dates: during 1950-1959
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...absence of footnotes in this book is misleading, however. This is not a book for the layman. Familiarity with Michel's Iron Law of Oligarchy is essential if one is to negotiate the complexities of Parkinson's cogent argumentation and meaningful insights...
...foreign aid. India, with the world's second-largest population (380 million, v. 600 million in China) and seventh-biggest area (1,300,000 sq. mi.), is an international giant. In a vast belt running across four of its northeastern states lie an estimated 20.8 billion tons of iron ore and 26 billion tons of coal. Indian steel production last year was 1,900,000 tons (v. Red China's 4,000,000 tons). Indian exports-manganese, tea from Assam, jute from Bengal and cotton cloth from Bombay and Madras-will earn about $1.3 billion this year...
...month ago Indian Finance Minister T. T. Krishnamachari signed an agreement with the Soviet Union for a twelve-year $125 million loan, and last week West German Economics Minister Ludwig Erhard was on the verge of okaying $143 million in credits toward construction of a new steel plant in iron-rich Orissa. Other loans may come from Japan and the Colombo Plan nations...
...SHIPBUILDING ORDER will be placed by U.S. Steel Corp.'s Pittsburgh Steamship Division, which plans to spend about $100 million on twelve 20,000-to 25,000-ton Great Lakes ore carriers, several of which would outstrip the largest iron-ore ship now on the lakes-M. A. Hanna Co.'s 23,000-ton George M. Humphrey...
...means of a secret weapon all our own. That secret weapon is trade-trade under our system of capitalism and competitive enterprise-accompanied by capital investment and technical aid in undeveloped countries." So said Benjamin F. Fairless, onetime U.S. Steel boss and now president of the American Iron and Steel Institute. Fairless' words last week, spoken after an 18-nation tour as chairman of a seven-man presidential advisory group, were not lost on his audience: 2,500 top U.S. businessmen assembled...