Word: planted
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Dates: during 1960-1969
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...enable businessmen to deduct from their tax bills up to 7% of the cost of new machinery and equipment. This tax break was enacted by Congress in 1962 in order to stimulate economic growth, and it has worked only too well: a new Government survey shows that business and plant expansion this year will be 17% greater than last year and 76% greater than in 1961 (see U.S. BUSINESS). Canceling the tax credit, the President hopes, will curb the inflationary upsurge in business expenditures as well as reduce demand for borrowed money...
...ahead with a $100 million copper mine development program in New Mexico because "our customers are waiting." Pittsburgh Plate Glass has a $125 million program under way to build new chemical facilities because there is a solid, steady demand for such output; a $37 million chlorine and caustic-soda plant at Lake Charles, La., was announced last week in the midst of the furor over the Johnson tax program. Anheuser-Busch has just opened a fifth brewery costing $30 million in Houston and will spend about $50 million on a sixth in Columbus...
...cost the companies $125 million in lost revenues this year. On the tire front, Goodyear will start building a $14 million factory this month near Heidelberg to boost its 7% share of the market and keep up with B.F. Goodrich, which is already working on a new $25 million plant. The two, along with Uniroyal and Firestone, are still far behind German-owned Continental, which accounts for well over 30% of all tire sales...
...McDonald served notice on Times Publisher Ruth Sulzberger Golden that he wanted out. Since the Times by then had acquired full ownership of the plant, McDonald needed another building. Last May he found one, and no sooner had he moved in last week than he started producing the Sunday edition that had been suspended under his agreement with the Times. Mrs. Golden fought back by bringing out the afternoon Post...
...Brazilian investors have not taken full advantage of the situation, but foreigners are showing a lively interest. Willys-Overland, 38%-owned by Kaiser Industries, two months ago began assembling Jeeps near the Nordeste city of Recife, where Kelvinator is already building refrigerators. Firestone plans an $11 million tire plant and Italy's Pirelli is building a wire and conductor factory. Other European groups are setting up ventures in canning, batteries and cement forms. Last week the U.S.-backed Inter-American Development Bank chipped in $29.5 million to help finance a $79 million expansion of the Paulo Afonso hydroelectric plant...