Word: lots
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Dates: during 1950-1959
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...Western art. Though the collection is not all first caliber, there are some great works, especially of sculpture (see color pages). Valued at $5,000,000, it was put together in the early part of the century by a Japanese shipbuilder named Kojiro Matsukata, who bought largely by lot, and reportedly paid between $15 million and $20 million all told. Because the Japanese government imposed a 100% duty on art works, Matsukata kept the bulk of his collection in Paris and London. The London half was bombed out in World War II; the Paris half was hidden deep...
...Adams pointed out that steel mills in the second quarter operated at 94% of capacity v. 55% for last year's second quarter. But he also noted that the $676 million spent by the company on cost-cutting, modernization and expansion in the last decade has a lot to do with the record profits. Kaiser Steel credited its $214 million expansion program with lifting its six-month profit 122% over last year, to $2.61 a share...
...chief cause of the current steel strike is management's insistence on winning more control over local working practices, partly motivated by the desire to wipe out what Chief Steel Negotiator R. Conrad Cooper called "loafing, featherbedding and unjustifiable idle time." The railroad industry, worst feathered of the lot, has pledged an all-out assault against make-work when contract talks open this fall. In the oil industry, the American Oil Co. has taken a month-long strike to end featherbedding that costs, it says, more than $8,000,000 a year...
...Harvard students' report finds that both small and big businesses need "effective competitive intelligence systems" to hold their own in today's competitive business world-and that setting them up on a formal, ethical basis may do away with a lot of hanky-panky. It also sounds a warning through the words of one executive: "If you spend too much time finding out what your competitor is doing, you may be spending too little time developing newer products and processes of your own. You become less imaginative, less dynamic, less resourceful...
...home building. He is convinced that good housing is the best insurance against Communism ("People want to divide what you've got, not what they've got"), even believes that it is the cure for such social ills as alcoholism. ("Mendes-France would have cut out a lot more drinking had he built homes instead of trying to persuade Frenchmen to drink milk.") Winston has plenty of housetops to preach from. Outside Paris he put up 250 U.S.-style, moderately-priced houses and apartments to show off American mass-production building methods, sold them so fast that...