Word: prewar
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Dates: during 1950-1959
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JAPAN'S prewar industrial giant, Mitsubishi, has big expansion plans. Westinghouse has orders from two Japanese utilities for three complete 75,000-kw. electric power plants to be installed in industrial areas and to serve as models for others to be built by Mitsubishi under Westinghouse licenses. Cost of the three, largest ever exported from the U.S.: $29.5 million...
This week ABC's President Robert E. Kintner, 44 (who teamed with Pundit Joseph Alsop in writing a prewar Washington column), totted up the results to date, found ABC's television business (in sponsor billings) to be 51% better than a year ago, and its radio business 15% up over 1952. "Star power" did the trick, Kintner says. Early in its new life, the network decided to brighten up its TV by going out for big entertainers. Vice President Robert M. Weitman, a Broadway-wise showman who turned Manhattan's Paramount Theater into a mint by combining...
...decent living standard for South Korea's 22 million people. In three years, 600,000 homes have been destroyed; because of a high birth rate and the influx of tens of thousands of refugees, 900,000 new or rebuilt houses are needed. Coal production is down 50% from prewar. Grain output, the core of Korea's economy, is off from 3,500,000 tons to 2,300,000. In a nation whose gross national product is $1.4 billion, property damage is estimated anywhere from $1 billion to $3 billion...
Nevertheless, Tyler Wood is confident that the hard-working Koreans will pull through. The most hopeful sign to date is the comeback of the textile industry, which by working three shifts a day is exceeding prewar output...
...draining off the harvest surplus." Frenchmen, already the world's biggest consumers of alcoholic beverages (seven gals, per person per year, on a pure alcohol basis, v. one gal. per American), drank about 1.2 billion gals, of wine last year, 75% of what they put away in prewar years. Yet wine production was about the same as before the war (1.9 billion gals.), almost a third of the world's output...