Word: ores
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Dates: during 1950-1959
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...longer. Now, thanks to the Marshall Plan and other U.S. aid programs, plus the spending of private business, plants just as efficient as those in the U.S. are turning out goods around the world. Britain's $490 million Abbey steelworks in South Wales is a fully integrated ore-to-plate plant on a par with the U.S.'s newest. As a result, the U.S. is not only losing out in its old markets, but is failing to get its share of the new markets that industrial development is creating in backward nations...
...Streeters' campaign brought a wave of "suitcase companies"-actually subsidiaries of foreign corporations but legally independent. Through a suitcase company, for example, a U.S. steel company subsidiary buys ore in Venezuela, ships it in chartered vessels to Europe. The profits returned to the Bahamian company are not taxed, can be used for expansion outside the U.S. or "borrowed" by the U.S. parent company...
Also elected were Andrew L. Griffin, of Kirkland House and Portland, Ore., English; Julius B. Levine, of Winthrop House and Waterville, Me., Economics; Stephen Lichtenbaum, of Eliot House and Brooklyn, N.Y., Mathematics; Charles W. Maynes Jr. of Adams House and Salt Lake City, Utah, History; and Edward B. Segel, of Adams House and Everett, History...
...million El Chocón hydroelectric project on the Limay River by a 27-firm British-French-Italian combine to provide 650,000 kw. of power, irrigate 250,000 acres of parched croplands. Another is a plan to exploit 200 million tons of 55.6%-grade iron ore found twelve years ago south of the Negro River. The government has also approved plans by Houston's Butadiene & Chemical Corp. to invest $40 million for three big petrochemical plants for synthetic rubber, carbon black and butadiene gas near Comodoro Rivadavia, plus another $17 million for an aviation-gasoline plant...
Thus equipped, the ringleaders phoned appointed contacts in U.S. cities-Chicago, Detroit, Portland (Ore.), Philadelphia, Harrisburg (Pa.), Minneapolis-fed them the winning answers. Many of the participants were on the fringes of the entertainment business; Dingman was the only one with a newspaper connection. Often, time zones worked for the swindle; e.g., the phony London bank got its answers at least two hours before U.S. newspapers on the West Coast...