Word: millions
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Dates: during 1960-1969
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...liberal Die Zeit: "What kind of church leadership is it that is willing to throw all the warnings of science to the winds? How is this papal decree reconcilable with the command to love thy neighbor, when we already know that between now and 1980 approximately 40 million people will starve to death?" In Manhattan, demonstrators representing the Parents' Aid Society, a militant birth control group, paraded in protest outside St. Patrick's Cathedral. The Vatican daily, L'Osservatore Romano, hard put to include favorable non-Catholic judgments in its roundup of world opinion, solemnly noted that...
...Bethlehem insisted that its action, if adopted by other producers, would raise the cost of an automobile by only $12, a refrigerator by 720. Not so sanguine, the Administration estimated that across-the-board increases of the magnitude announced by Bethlehem would cost the nation's consumers $600 million, minimize the economy-cooling effects of the new federal income tax sur charge and, by raising prices of U.S. exports, further strain the nation's balance of payments...
Duly Noted Profit. Besides higher costs and White House antipathy, Bethlehem and other steelmakers also face a severely restricted market for their products. The reason is that steel users, having stockpiled a record 36 million tons in anticipation of a strike that never came, will be working off their inventories before placing new orders. The rush of hedge buying, of course, did give the industry a big lift during the first half of 1968. U.S. Steel last week reported earnings for the first six months of $128.5 million, an increase of 52% over 1967. Bethlehem's six-month profits...
...industry seems certain to face a far rougher second half. New orders had begun tapering off even before last week's settlement, and some steelmakers expect second-half shipments to decline by more than 20% from their first-half level of 53 million tons. The industry is also concerned about competition from foreign steelmakers, who increased their inroads into the U.S. market by taking advantage of the abnormally high domestic demand for steel earlier this year. Steel from abroad is expected to account for at least 15% of the nation's total 1968 shipments...
...Board in recent weeks has been that of Atlantic Richfield-and in this instance there has been some logic behind the heat. Last May the company announced that it was splitting its stock two for one and increasing its dividend. Its first-half sales of $840 million were up 15.5%, and earnings were up 14% to $70 million. On top of that it has, with Humble Oil, confirmed an oil find on the North Slope of Alaska that Interior Secretary Stewart Udall calls "apparently the largest in the history of the country...