Word: petroleum
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Dates: during 1960-1969
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Gourmet's Delight. The reason for all the trouble is that most syndets are made of petroleum derivatives that are all but indestructible. Instead of breaking down in the soil and becoming food for bacteria as does soap - a nonsynthetic detergent made of animal and vegetable fats - the syndet remains active long after it goes down the drain, bubbling on and on through rivers and lakes and often seeping through the earth from septic tanks to well water (where its foamy presence may be a valuable warning that sewage is seeping in too). European waterways also foam with detergent...
...could hold. But prices did climb (steak went from 8? to 19? per lb., bread from 2? to 4? per lb.), and the memory of high living in the days of Per&243;n died hard. Frondizi next outraged the nationalists by allowing foreign private companies to develop Argentine petroleum reserves.. He launched campaigns to denationalize steel and to increase electric power, cut 200,000 functionless functionaries from the government payroll. He set about putting the railways on a paying basis by firing and retiring featherbedders, eliminating useless stretches of track, modernizing equipment...
...lost $3,300,000 on two Titan II missile-site construction jobs. No less disastrous was the practice of pushing divisions into businesses that they did not understand. The Nichols-Southern division, which had been clearing as much as $250,000 a year renting equipment to the chemical and petroleum industries, stumbled into a loss of $250,000 when it sought to expand into highway construction...
...without additional deals, reported Bonn last week, West German trade with the Soviet bloc last year topped $1 billion-13% higher than in 1960. (U.S.-German trade last year: about $2.3 billion.) Most of the exchange with Moscow consisted of West German machinery and semifinished metal goods for Soviet petroleum products and commercial gold used in jewelry. A third major category of Russian exports is foodstuffs, but, said one Bonn official last week: "There's a limit to how much caviar this country can absorb...
...Pays Off." Prime example of a company that has approached optimum automation is Phillips Petroleum. "We're getting into computers deeper and deeper," grins President Paul Endicott. "I admit that I don't understand it all, but the boys tell me it pays off." In fact, Phillips' accountants figure that, at monthly rentals ranging from $1,700 to $65,000 apiece, the company's computers pay for themselves many times over in the course of a year...