Word: plante
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Dates: during 1950-1959
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...against higher tuitions and Communist textbooks in the schools, were hustled off to jail, and some were beaten senseless. Then political demonstrators clashed in a wild melee of fists, stones, spears and daggers that killed five and seriously wounded seven. Troubles came to a climax at a cashew-nut plant outside the town of Quilon when strikers rushed the gates and the Communist-directed police opened fire, killing two and wounding...
Since World War II, the corporation has spent more than $3.5 billion to improve plants. U.S. Steel's modern, automatic, seamless-pipe plant at Lorain, Ohio produces four times as much as an older plant of the same size-and with about half the manpower. Big Steel also has closed some of the older, less efficient plants and shunted their business to the huge new plants it has built near its busiest markets, e.g., the $600 million, 2,200,000-ton Fairless Works near Trenton, N.J. Last week U.S. Steel said it will shut the 72-year-old Rankin...
...more than a year, in 1953-54 for 15 months, before any sizeable upturn took place. This time the rate of inventory liquidation seems to be bottoming out after two quarters, though no one is willing to predict any heavy accumulation in the near future. Business outlays for new plant and equipment are a more worrisome problem. The 1958 slide in expansion expenditures has already gone on for three quarters and may continue for possibly another year, thus holding the general economy down...
What might accelerate the recovery, regardless of what happens to inventories and plant expansion, is housing, which C.E.D.'s chartists call the economy's "ace in the hole." After dropping farther than in either of the two preceding recessions (13% v. 2½% in 1953, 3½% in 1948), the annual rate of new housing starts broke through pre-recession levels in June, and the industry is expected to pump $1 billion into the market for men and materials this year...
...permission for the issue. Meanwhile the American Exchange had suspended Cornucopia from trading for failure to file required financial statements. Nevertheless, even though Belle & Co. only held options, they were able to install officers in some of the companies (making textiles, hot-water heaters and electronics, a printing plant, real estate, etc.) and sweet-talk the banks into loans on the companies' names and supposed assets...