Word: levelation
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Dates: during 1950-1959
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Warning provoked surprisingly little home-front criticism. And the message got through to Peking. Within two days, while the Reds eased off on their artillery barrages against Quemoy, Premier Chou En-lai picked up the Dulles proposal to negotiate, called for new diplomatic talks at the ambassadorial level...
...highly practical level, the Brown-Knowland race can shape California politics for years to come. California's delegation to the U.S. House of Representatives now stands at 13 Democrats to 17 Republicans from 30 districts carefully gerrymandered by a state legislature long under G.O.P. control. But after the 1960 census, California will probably rate 37 House seats (v. 40 for New York). If Pat Brown can lead his party to an across-the-board sweep this year and come even close to maintaining his pace while in office, then a Democratic state legislature will control the post-census redistricting...
...industry's scheduled operating rate also continued to climb for the eighth straight week, reached 63.6%, highest since June 16. Steelmen expect the rate to rise to about 70% as inventories are rebuilt and construction awards are translated into more orders for structural steel, which hit the highest level in July in 14 months. Steel stocks paced the market; U.S. Steel hit a historic high of 75⅝. Department stores also reported that sales rose 3% over a year...
...U.A.W. negotiators heatedly denied that the scattered strikes represented overall union policy. But as they prepared for top-level U.A.W. strategy sessions this week, it was plain a showdown was near. Early predictions had been that Ford would be struck. But last week, with more than two-thirds of the wildcat strikers out at G.M., the pressure had shifted. Best guess on when a strike would be called: around Oct.1, when 1959 Chevrolets should be rolling...
...Macy's opened Garden State Plaza, highlighted by a three-level Bamberger's department store (a Macy's division) and such well-known outlets as A.S. Beck, Grand Union, Horn & Hardart. Sales are at a $40 million yearly pace...