Word: paces
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Dates: during 1950-1959
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There is only one real issue in South African politics: the pace and vigor with which the Union's 3,000,000 whites maintain their dominance over South Africa's 11,000,000 blacks and coloreds. It is eleven years since the Boer Afrikaner National Party rode into power on a platform of apartheid-all-out segregation. Since then, at the cost of twisting the nation's parliamentary and judicial traditions almost beyond recognition, and using a curious mixture of police-state methods and paternalism, the Nationalists have gone a long way toward fulfilling their segregation promises...
...spending for heavy construction. The F. W. Dodge Corp. reported that construction-contract awards in 1959's first seven months jumped 11% to $22.5 billion. The new lift in heavy construction comes at an opportune time, just as builders are warning that tighter mortgage money may slow the pace of home starts, now a near record 1.300,000 a year. Overall construction is moving 12% ahead of last year, at an annual rate of $55 billion; builders expect it to rise to at least $57 billion in 1960. Says Chairman Melvin H. Baker of Buffalo's National Gypsum...
Died. Edward Eagle Brown, 74, pace-setting U.S. banker who as president (1934-45) and board chairman (1945-59) of Chicago's First National Bank helped carry Chicago's wobbly economy through the Depression, was one of the first to promote term loans, played an important part in shaping today's more flexible U.S. monetary system; of coronary thrombosis; in Chicago. An intellectual maverick for a banker, courtly Edward Brown, read a balance sheet or James Joyce with equal recall, was a lifelong Democrat who was hauled in by Chicago cops in 1912 while campaigning for Woodrow...
Reflecting the increased pace of the new boom, the Labor Department reported last week that in mid-July, employment reached an alltime record of 67,594,000, rising by 252,000 over June. What pleased Government economists most was the 110,000 drop in long-term unemployment (15 weeks or more) to 817,000 in July...
Automakers, too, are anxious to keep up the July pace and are expected to complete the changeover to 1960 model production in three to four weeks, one of the shortest periods on record. With the finish of 1959 car production scheduled for the end of this month. 1960 models will roll out in volume by mid-September, a full month ahead...