Word: product
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Dates: during 1960-1969
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...Israel. Israelis ended the Six-Day War with secure frontiers and a strategic geographic advantage that they had never had before. Their military is stronger than in 1967, and their Arab enemies are still divided. Moreover, the war sparked an economic boom that will have raised the national product 25% by the end of this year, and brought to Israel a political unity that has been made even more cohesive by Premier Golda Meir...
...driven a relatively small wedge into the economy. The defense budget accounts for only 9% of the nation's output of goods and services, compared with nearly 13% in Korea and 41% in World War II. Direct spending on the war amounts to 3% of the gross national product, and some 1,500,000 people hold war-related jobs...
...Angeles, one of the most auto-clogged cities in the world, is trying a new solution for its traffic trauma: a portable parking lot. The product of a local firm called Portable Parking Structures, Inc., the lot is actually a three-level open garage that looks as if it were built with an oversize Erector set. The structure is bolted together from steel beams and prefab concrete slabs. It can be assembled quickly on temporarily unused downtown lots and dismantled within one week when the land must be vacated to make way for a new building...
Collective Bargaining. Two weeks ago, a federal court jury in Pittsburgh handed down a guilty verdict. Convicted of violating the Sherman Act were American Standard, Kohler Co., and Borg-Warner Corp.-along with Daniel Quinn, Vice President Norman R. Held of Kohler and Joseph J. Decker, manager of product coordination at American Standard. Last year the other twelve companies,* the P.F.M.A. and five executives had decided not to fight the charges; all pleaded "no contest." The courts levied fines totaling $712,500, and the executives served jail sentences of from one to 30 days...
Bamboo Beginnings. In response to this appetite, a growing number of farmers are flooding their acreage and raising fish instead of conventional crops. Last year the nation's 4,000 catfish farmers sold some 12 million lbs. of their product, and the 1972 harvest is projected at 52 million lbs. by the Interior Department's Bureau of Commercial Fisheries...