Word: plant
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Dates: during 1950-1959
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Also in Congress last week: ¶ The Senate and House passed separate wheat bills, both opposed by the Eisenhower Administration. The Senate pegged price supports at 65% of parity for farmers who plant full allotments, 75% for a 10% acreage cut, 85% for a 20% cut. It also set $35,000 as the maximum individual payment in any calendar year. The House offered a choice of planting full acreage at 50% of parity, or 75% of acreage at 90%, made $50,000 the maximum payment. Agriculture Department experts estimated that the Senate bill would cost an additional $150 million...
...charging high prices for the gas (competing fuel oil must pay 24% taxes against his 14.8%), Mattei has some flashy results to show: he has accumulated huge sums for oil exploration, owns pipelines, a tanker fleet, a spanking new synthetic rubber and fertilizer plant, and a string of thousands of bright yellow filling stations across Italy. He operates eight motels and is building nine more. He is also at work on an $80 million nuclear-power plant...
...hydrogen-oxygen rocket of appreciable size has flown so far, but for a year Aerojet-General Corp. has been ground-testing hydrogen rocket motors at its Sacramento plant. Some tests have yielded more than 100,000 Ibs. of thrust. The treacherous new fuel burns cleanly and smoothly, and it is not as hard to store and get along with as some doubters feared...
...third largest steelmaker, announced that it will spend $375 million on a major improvement program over the next four years. The first project will be a $45 million hot strip mill, with a capacity for 145,000 tons per month, to be added at Republic's Warren, Ohio plant. To dispel any doubts about overcapacity, Republic's Chairman Charles M. White told stockholders that he foresees the possibility of total steel industry output in 1960 exceeding 1955's record of 117,036,085 tons. Republic, which has boosted its own steelmaking capacity nearly 50% since...
...there was quiet talk that Bunky Knudsen might well become G.M. president some day. From the start, Bill Knudsen insisted that his son be on his own. When Bunky was 14, his father told him that he could have a new (1927) Chevrolet if he would stop at the plant. Bunky hurried over-and found the car in several thousand pieces. "It took me a couple of months to assemble the darn thing," he says, "but I finally got it running." THE challenge turned him into a car bug. It also made him determined to fill his father...