Word: one
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Dates: during 1950-1959
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...century musical star (The Girl I Left Behind Me, Floradora) who devoted her later years to preserving her youthful looks; of pneumonia; in Manhattan. When age finally forced her to leave the stage in 1920, Edna Hopper underwent a series of face-lifting operations, had a movie made of one of them, which she took on a lecture tour around the country. The lecture, which included a personal demonstration of how to take a bath properly, invariably played to a full house (women only), swelled sales of the cosmetic firm she worked...
...Frenchmen took special pride in paying off $200 million on a debt to the International Monetary Fund ahead of schedule, piled up their first trade surplus with the U.S. in 60 years, and grew so confident that one Belgian banker remarked: "The French no longer have an inferiority complex growing out of their defeat in the war and their economic troubles. In fact, they have just the opposite...
Despite the new riches, no one regarded the world through Utopian spectacles in 1959; desperate poverty was still a condition of life in many lands. Nevertheless, even the humblest of nations could at least look ahead to the 1960s with hope. There were two reasons for this. In their new wealth, the nations of the West were coming to recognize that the task of aiding the underdeveloped lands is not a burden that the U.S. alone should bear; it is a job to be shared. Secondly, most underdeveloped nations have modified or cast aside their once strongly held socialist notions...
...One encouraging sign at year's end was that U.S. exports were already on the rise again after their slowdown. Wage costs in foreign nations were also on the rise, narrowing the foreign advantage over the U.S. Now that the alarm has been raised, many a businessman is not only revising his ideas about world trade; he is also doing something about costs. Cleveland's National Acme Co. brought out a new cam-finishing machine that does the job in 20 sec., v. 1 min. 15 sec. "What's just as important," says Acme's President...
...Motorola President Robert Calvin afraid of losing the U.S. lead in electronics. "The foreign competitor who has finally found out how to make a TV set will no longer find a market here, because we've already found out how-to hang one on a wall," says Galvin, whose sales are $260 million, best ever. Another sign that quality can be sold: Paris' George V Hotel stocks a claret that bears the label, "Beaulieu Vineyard, Napa Valley, Calif...