Word: postwar
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Dates: during 1950-1959
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...nation which sometimes pursues business with even more single-minded ardor than the U.S. is West Germany, the economic miracle land of postwar Europe. In the past ten years West Germany's eager entrepreneurs have carried their country to the greatest prosperity in its history, partly by extending its economic influence into areas that generations of German military strategists coveted but could never manage to capture. For a battle report on one of West Germany's outstanding current trade offensives, see FOREIGN NEWS, West Germany Invades the Mideast...
...They Like It." West Germany's success story owes most to the skill of its technicians and the acumen of its businessmen. But the German tradition of high quality has also gained from the shoddiness of some postwar U.S. products and from the fact that Russia's achievements in rocketry have created doubts about U.S. technological preeminence. German traders have also won an enviable reputation for fast delivery. Last summer when Saudi Arabia's King Saud decided he needed a three-truck caravan (sleeper with bath, dining car with throne, and a supply van), British and French...
Almost as well known was Jim Smith's yen for Gates's job after he finished a self-imposed two-year ICA tour. Smith, a wartime carrier pilot and postwar Assistant Secretary of the Navy for Air (1953-56), appeared a natural to become Secretary. But Gates, with White House approval, offered the job to Under Secretary William Birrell Franke (rhymes with lanky), 64, wealthy retired accountant and since 1954 a quietly competent assistant secretary for financial management. When Franke declined for health reasons (arthritis), Gates suggested Smith...
...union or the Government. He also got in first with a 6% to 7% wage increase, lower than some competitors had been discussing, and well within the ability of his company and the industry to pay in the light of textiles' growing recovery from its long postwar slump (TIME, Dec. 8). Since the last pay raise in 1956, textile productivity has risen...
...years, attesting to greater security in the countryside. Virtually every known Communist agent and subversive has been jailed. Hordes of corrupt, bribetaking political hacks have been replaced by army officers. The new emphasis on agriculture instead of impractical steel plants has resulted in the nation's biggest postwar rice crop. The previously soaring cost of food was solved overnight by raids on warehouses that proved heavily stocked with hoarded goods. Currently, Burma's greatest problem results from the thousands of Chinese fleeing across its borders to escape the iron grip of the people's communes...