Word: nationalizing
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Dates: during 1950-1959
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...economic area-the level of industrial output per man-hour -Russia is still far behind the U.S. U.S. national product per man-hour has been rising even faster than national product per capita (which is by far the highest of any nation), has'jumped at a rate of 35% to 40% a decade since World War II-and is still growing by the day. The reasons for the growth, says the report, are not only an increase in the volume of capital goods (of which the U.S. has more than any other nation), but the U.S.'s large...
...Douglas took out after the Pentagon and its defense contractors. Said Douglas: "The system of defense procurement has led to great abuse. And when companies hire former officers to negotiate with their former fellow officers, the abuses are magnified." With that, Douglas released figures showing that 88 of the nation's 100 top contractors employed no fewer than 721 ex-officers with the rank of colonel and up. Douglas said darkly that there is grave suspicion that many of these men were hired as influence peddlers to assure fat contracts: "They didn't hire those 721 merely...
...responsible for the nation's ICBM program are both ex-Air Force officers. Convair's Atlas team is headed by J. R. ("Jim") Dempsey, 37, West Pointer and onetime Air Force lieutenant colonel; Martin's Titan group is bossed by Howard Merrill, 38, a former Air Force captain. Both men made their reputations after going into industry, not before. They recognized, as do many career officers, that promotions are slow in peacetime, and a bright young man can often do better for himself-and in some ways, better for his country-by putting aside his uniform...
...suffocation of 55 children this year by plastic bags, the plastics industry last week launched a million dollar common-sense campaign to preserve safety, along with its 3 billion-bag-a-year business (estimated $30 million in sales). In full-page advertisements in 117 major newspapers across the nation, the industry warned: "Never keep a plastic bag after it has served its intended usefulness. Destroy it: tear it up and throw it away...
Ever since the late Charles M. Schwab took over Bethlehem Steel in 1905 and set about making it the nation's No. 2 steelmaker (after U.S. Steel), the company has prospered by paying the fattest executive bonuses of any U.S. corporation. Last year Bethlehem's President Arthur Homer received $100,000 in salary, plus $411,249 in bonus, making him the highest-paid U.S. corporate executive. For years many Bethlehem vice presidents have been paid more than presidents of larger companies. Last week Homer and the 19 other Bethlehem executives who share in the company's lush...