Word: levelation
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Dates: during 1950-1959
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...great chauvinistic appeal to the powerful leftist nationalists. Lopes, 47, believes that heavy investment of foreign private capital is needed to boost per capita income. At the present rate of production growth, he says, "it would take slightly more than 20 years to reach the $400 per capita income level...
Educate Everybody. The report describes the other jaw of the paradox-that although a necessarily complex society often breeds mediocrity, it desperately needs brilliant performance. The U.S.'s need of top-level scientists and highly skilled teachers is obvious now, the authors note. The only occupation for which the need can be counted on not to increase is that of the unskilled laborer, who will be replaced, to some extent at least, by self-tended machines. The schools and colleges must train more people-the U.S. population is expected to grow 55 million by 1975-and, the report warns...
Bright children must be recognized early and-without neglecting the training of normal and subnormal students-must get tougher courses in their subjects of special ability. The brightest of these, some 2% of the students, should be steered into a broadened program of early college entrance or college-level courses in high school, the authors recommend. A corollary to the suggestions for bright students: Americans must recognize that not every child should go to college...
Steel production is already starting down after hitting 64.9% of capacity and the highest level (1,751,000 tons) of the year. Part of the decline could be attributed to vacation shutdowns, but much of it was due to a general fall-off in orders as companies finished the buying spurt they put on in anticipation of a price rise this month. One small specialty producer, Pennsylvania's Alan Wood Steel Co., whose 800,000-ton annual production ranks it 23rd in the U.S., said it would boost prices an average $6 a ton, arguing that it could...
...SALES will hit 4,700,000 to 5,200,000, excluding imports, say Detroit dopesters. They figure deferred buying from this year (expected sales: 4,200,000) will lift market, though not to 5,980,000-car level...