Word: largest
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Dates: during 1950-1959
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Military tentacles spread wide. The army owns the country's largest industrial empire, comprising 18 plants and 17,000 civilian workers, turning out everything from plows to TV sets. The air force produces cars, tractors; the navy operates commercial freighter and passenger lines. Though it has not fought a foreign enemy since beating tiny Paraguay in 1870, the military commands 17.5% of the budget...
Into the halls of U.S. higher education last week marched an exotic vanguard: 81 African students, including 78 Kenyans -the largest group ever to arrive from the British colony that most Americans know vaguely as the land of the Mau Mau. What the Kenyans knew about the U.S. was more specific: scholarships totaling some $100,000 were sending them to 52 colleges and universities, from Howard to Hawaii. The event was not one to make British colonial officials cheer...
...clerk in one of Britain's largest investment trusts last week shook open a soiled manila envelope, and out fell a wad of crumpled ?5 notes, accompanied by a crudely scrawled order to buy stocks. "The man probably had the money in his mattress for 25 years,'' said a fund executive, "but we're getting used to this sort of thing." This "sort of thing" was such a rush to buy shares in British corporations that the Financial Times's share index soared to 259.7, up from 188.1 last fall. Many a broker grumbled that...
...that they must either merge with a bigger company or shut up shop. The change has already begun to cut heavily into profits. The plane industry, said one broker sadly, is the "only industry in a recession." In the first six months of this year, sales of the 15 largest aircraft companies slipped 5% and profits tumbled 45%. Among the giants, General Dynamics' earnings dropped from $20 million to $11 million, Boeing's from $20 million to $3,600,000. United Aircraft, one of the bluest chips in the industry, jolted investors by chopping its quarterly dividend from...
Died. S. Ralph Lazrus, 61, founder (1919), with his brothers Benjamin and Oscar, of Benrus Watch Co., one of the largest U.S. importers of Swiss watches; in Manhattan...