Word: kaisers
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Dates: during 1950-1959
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Barely two years old, Ghana is one of those raw, resource-rich republics that yearn to leap into a modern economy. Last week, in a prime example of how private enterprise can help a developing country get set for such a bold jump, the Kaiser Industries Corp. circulated an ambitious (3 Ibs.) blueprint for building a major aluminum industry from Ghana's two abundant, untapped resources: red bauxite (aluminum ore) and cheap water power. So enthusiastic was Ghana that it started work immediately on the $600 million project. To Kaiser went the first contract-$3,000,000 for site...
...share (v. 17? last year) on record sales of $236.4 million, predicted the second quarter will be even better. Armco Steel announced first-quarter earnings of $1.43 a share, more than 100% over a year ago. Equally soaring reports came from Inland Steel ("new first-quarter records"), Kaiser Steel (76? v. 46?), Pittsburgh Steel (66? v. a loss last year), Detroit Steel (83? v. a loss last year), Allegheny Ludlum ($1.18 v. 19?) and Granite City (up 70% to a near record of $1.62 a share). Only Lukens Steel was off the trend ($1.06 v. $1.54 last year), but expects...
...there is less use of folksy humor and other side show effects than there might have been. Elia Kazan's handling of the anti-German feeling during World I seemed very fine indeed, and the movie is worth seeing just to watch its town parade of victory girls, the Kaiser in a noose, and Important Citizens...
...historic Berlin-to-Baghdad ambitions of the Germans got nowhere politically under the whip of Kaiser or Fuhrer, but before the peaceful push of West Germany's prosperous economy, they are succeeding surprisingly well. Armed now with sample case and blueprints instead of howitzer and battle plans, West Germany's businessmen are aggressively pushing ahead with a more realistic version of the old "Drive to the East." In Beirut last week the beaming manager of the local Volkswagen agency had only one complaint: he could not get cars shipped in from Germany fast enough to meet Lebanese demand...
...brought in the services of four different nations to do it. At Durgapur in West Bengal, 400 British experts are supervising 29,000 Indians in building a mill that will begin operation next fall. Also in West Bengal, in Jamshedpur, the Pittsburgh of India, U.S. engineers of the Kaiser Engineers Division are just about finished with a new 1,000,000-ton addition to the Tata Iron & Steel Co., a private investment made possible by the World Bank's highest single industrial loan: $75 million. But it is Soviet-sponsored Bhilai that is getting the big play...