Word: ironed
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Dates: during 1960-1969
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TIME is even gaining behind the Iron Curtain, although the figures aren't such as to send our circulation people swinging into a mazurka. Until the 1960s, circulation there was limited to 322; today it is 1,161. While most copies still go to government officials and foreign embassies, TIME is now sold on selected newsstands in Poland and Yugoslavia...
...unbalanced demand" was to use these earnings to buy technically advanced Western plants and equipment. Instead, the trade pact committed East Germany to deliver some 300 merchant ships to the Soviet Union, at prices 30% below what Western buyers would have paid. The Soviet Union promised to supply oil, iron ore and other raw materials-at prices well above the world market...
...economists had expected. Among the other new records: auto production rose 22% , steel production 6% , capital spending 16% , personal income 7% and corporate profits 21%. Figuring that the U.S. had somehow discovered the secret of steady, stable, noninflationary growth, the leaders of many countries on both sides of the Iron Curtain openly tried to emulate its success...
...seven years Cleveland's Hanna Mining Co. has been marooned in frustration on top of some of the world's richest mountains of iron ore, unable to move more than a trickle of it onto the world market. Despite a contract with the Brazilian government empowering it to tap 300 million tons of high-grade ore that it owns in Minas Gerais state, Hanna has been harassed by a succession of political obstacles, is still battling a court decree annulling its mining rights. With the Brazilian economy as well as the climate for foreign investment improving...
...company, called M.B.R. (for Mineracaoes Brasileiras Reunidas), joins Hanna's St. John d'el Rey Mining Co. (which will have 49% control) to the iron-and manganese-ore properties of Brazilian Industrialist Augusto Antunes (51% control). Potentially the world's largest iron-ore company, M.B.R. plans to build a $60 million deep-water pier, an ore yard, a railroad link (and perhaps a pelletizing plant) on Sepetiba Bay, 60 miles south of the traffic-clogged port of Rio de Janeiro; it expects to step up exports from 2,000,000 to 10 million tons a year...