Word: planted
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Dates: during 1960-1969
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...kind of mess naturally calls for scapegoats. A few weeks ago, Fidel "liberated" his Economy Minister and overall economic planner. The unlucky companero was Regino Boti, 43, a Marxist convert who once served on the U.N. Economic Commission for Latin America. Boti's new assignment: a condensed-milk plant in Oriente province, where he will oversee 200 to 300 em ployees. The No. 1 man now in control of Cuba's economy seems to be Minister of Industries Che Guevara, 36, who has long been Fidel's all-round handyman...
Lean Staffs. The compact, single-plant companies, many of them years older than the giants, also pride themselves on being more flexible, can quickly change their product mix to accommodate special orders. "We can cook steel to order in 20 minutes," says Vice President Grady L. Roark of Chicago's Acme Steel. With lean executive staffs, the smaller companies can also reorganize in a hurry to combat tough times. Delaware's long-ailing Phoenix Steel has been revamped in 19 months by new President Stanley Kirk, who has turned red ink to black by cutting the production force...
Americans are the world's greatest travelers, and the nation's money and know-how are even more peripatetic than its citizens. Bolstered by continued prosperity at home, more U.S. firms than ever are setting up shop abroad, building new plants, expanding old ones and buying into foreign companies. Last week the Commerce Department announced that private U.S. investment abroad-investments in plant and equipment, bank credits, stocks and bonds -rose by $6.3 billion in 1963 to a record $66.4 billion. Already this year, the foreign investment stake of U.S. industry has risen beyond $68 billion, and Commerce...
Avon Products has set up production in France in recent months, has just announced that it will build a new plant near Munich next spring. General Electric bought into France's Machines Bull (49%) and a German electrical appliance maker, is now negotiating for a share of Italy's Olivetti. IBM, whose investments throughout Western Europe are extensive, has built a striking new research laboratory at La Gaude, outside Nice. Willys has just announced plans to build a new Jeep assembly plant in Brazil, and General Mills is negotiating a joint venture to make cornflakes in Japan...
...same ancient process, boiling it in towering copper kettles and fermenting it in vats, batch by cumbersome batch. Now automation has finally caught up with beer. Last week technicians for Canadian Breweries Ltd. worked at taking the last kinks out of a new, fully automated $8,000,000 plant at Fort Worth, Texas, where beer will be made within two months by a radical technology. Brewers have considered the method for years and other firms are testing it, but Canadian Breweries will be the first to use it in beer production...