Word: metrically
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Dates: during 1950-1959
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...Wankel engine is not as efficient as a diesel, but its makers say that its fuel consumption is about the same as the economical Volkswagen. The most extraordinary thing about it is its small size. A 28.6-metric-h.p. model is 8 in. in diameter, 6 in. long, weighs only 22 lbs. The Volkswagen engine has about the same horsepower, but is many times bigger and weighs...
...standard of living, Formosans are second only to Japan in the Far East. Model land reforms have helped raise agricultural production to 50% above prewar levels; the rice crop measured 1,894,000 metric tons last year, 680,500 tons over the 1949 harvest; canned-pineapple production has sextupled in nine years, and sugar output is up some 30%. With tripled electric-power capacity, hundreds of new factories turn out textiles, bicycles, gasoline, cement, electric motors and other modern goods...
...Even in 1958, when U.S. output had slumped, the U.S. produced 77.2 million metric tons of steel to Russia's 55.2 million; 4,258,000 autos to Russia's 122,400; 724 million kw-h of electricity to Russia's 233 million kwh; 331 million metric tons of crude oil to Russia's 113 million tons...
...Europe's citadel of unfettered free enterprise and trade liberalism, West Germany has been acting mighty odd. In the latest of a series of attempts to set prices and regulate trade, roly-poly Economics Minister Ludwig Erhard last week announced a stiff tax on fuel oil: $7.14 per metric ton (about $1 per bbl.). The punitive tax, which Erhard himself describes as a "sin" against his free-market theories, is designed to discourage the use of oil, thus ease Germany's steadily mounting coal surplus of 17 million tons...
...will replace another government attempt to reduce oil use by setting up an oil cartel. Under the cartel, which Erhard also admitted was one of his little sins, major oil companies last December were pressured by Bonn to fix prices at $22 per metric ton (about $3 per bbl.) and not to advertise. But cheaper oil flooded in from neighboring nations and Iron Curtain lands. Small, noncartel companies cut oil prices as low as $15 per ton, tripled their market share to 25%. Last week giant Esso A.G., a subsidiary of Standard Oil Co. (New Jersey), alarmed because its share...