Word: plante
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Dates: during 1950-1959
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...their five children rather than submit them to Youth Dedication. All five backed up their parents, are learning manual trades instead. One bishop's son renounced higher education on his own. rather than undergo the pagan ceremony, is now working as an unskilled laborer in a cement plant...
...also the most carefully reported, closely analyzed and best understood of the three postwar recessions. Everyone knew the basic causes: businessmen, expanding at fantastic rates ever since World War II, had to slow down; the economy needed time to sit back and digest all the new capacity. Plant expansion, roaring along at the rate of $37.8 billion in 1957, dropped to $29.6 billion in 1958. Businessmen who had been accumulating inventories at the rate of $2.2 billion annually decided they had too much on their shelves; they cut back drastically, almost $5.5 billion for the year...
Gross national product will probably rise $10 billion in each of the first two quarters, then flatten out to end the year around $480 billion for a 6% increase. Inventories have already reached bottom, will slowly be rebuilt. Businessmen are once again increasing their outlays for plants. Forecast: up $1 billion to $31 billion. Says A.T. & T. President Kappel, who will add $2 billion to the $2.2 billion he laid out last year: "When the recession came along, we had to decide whether to trim capital expenditures as in past recessions. We felt sure that renewed growth was coming...
...strike over a five-minute relief period all but shut down car production at Chrysler last week. Beginning with a walkout of 400 workers at the main Dodge plant, the stoppage soon idled 41,440 workers as parts shortages halted production in the major Chrysler plants. The relief period of five minutes an hour (in addition to regular relief periods) was first arranged because of special fatigue problems, such as extraordinary heat, though the company claimed that technological improvements later eliminated the problems. So that no actual output would be lost, the United Auto Workers agreed to speed...
...Gothic cathedral town of Malines, Belgium, Du Pont was preparing last week to build its first plant on the European Continent. Nearby, Procter & Gamble was operating a recently completed $2,000,000 plant. A few miles down the road, Union Carbide was moving into a polyethylene plant, and Ford and General Motors were operating assembly lines. In The Netherlands, B. F. Goodrich was constructing a synthetic-rubber factory at Arnhem, and Chrysler was rolling out Simcas from its recently acquired assembly line at Rotterdam. Like many other U.S. companies, they have found Belgium and The Netherlands the best places...