Word: postwar
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Dates: during 1950-1959
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...French national policy that no one had seriously tackled in years. Items: ¶ Minister of Construction Pierre Sudreau got two months to prepare a program to build rental housing, so that France will no longer be the only major nation that has made no real dent in its postwar housing shortage. ¶ Minister of Justice Michel Debré was charged with the task of reorganizing France's hodgepodge judicial structure. ¶ Ministers Louis Jacquinot, Jean Berthoin and André Malraux were ordered to devise a scheme for financing long-range scientific research. ¶ Minister of State Guy Mollet...
Space & Atoms. What saved the company in the postwar planemaker's famine was the same thing that made it grow in the first place: new ideas, plus topflight research into new fields. Gradually extending its contract to 87% ownership, General Tire gave Kimball the funds he needed to push Aerojet into liquid engines for some of the first U.S. military rockets: Douglas' early Nike, the Lark and Loon for the Navy. Aerojet branched out to work on underwater rocket engines, set up separate departments to pursue both liquid-and solid-fuel engines...
...Poles continued to claim him as their own ("He is the best," said one writer, "so he is a Pole"). But during the war, the Germans killed the family he had left in the textile city of Lodz, and Rubinstein avoided Poland as well as Germany during his postwar European tours. When he finally decided he was ready to return to Poland, his concerts became immediate sellouts; 1,200 people turned up merely to hear him rehearse. Before he played a note at his final concert, the audience stood as he walked on the stage (the only other musician...
Alarms & Accuracy. First compiled by Burns, now head of the National Bureau of Economic Research, the indexes have been expanded and sharpened by Bureau Economist Geoffrey Moore. As with all indicators, the diffusion indexes have produced some false alarms. But the Leading Series has forecast all the postwar recessions. Last May 1957, two months before the economy reached the peak, the Leading group nosed down to signal trouble ahead. But the real warning came last August, when the composite index of all 21 areas started a fast slide...
...founded in 1922 by famed Massachusetts Institute of Technology Scientist Vannevar Bush and his onetime Tufts roommate, Laurence K. Marshall. It remained a midget until World War II, when its sales rocketed from $4,400,000 to $173 million. But the firm came so near to disaster in the postwar defense slump that its directors called in Yankee Banker Charles Francis Adams, of the famed Massachusetts Adamses, to put it back in shape. (Marshall resigned in 1948.) Adams found a storehouse of talented scientists. But they loved research more for its own sake than for profit. Adams began searching...