Word: product
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Dates: during 1960-1969
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...commitments made at Punta del Este-and this tone reflected the convictions and attitudes of both Democrat John F. Kennedy and Republican Douglas Dillon. As custodian of the world's richest treasury. Dillon presides over the fiscal plans and policies of a nation with a record gross national product of $515 billion; as the fiscal housekeeper for the U.S. Government, Dillon works within the roomy confines of the largest peacetime budget in history-$87.7 billion. But unlike most of his Treasury Department predecessors, Dillon does not consider himself simply a watchdog of the taxpayer's dollar. "He believes...
Insured Success. India's planners are successful in part because private enterprise exceeds what is expected of it. Private enterprise still accounts for 90% of India's gross national product, and will almost surely be able to pick up a larger share of the plan's tab than the. 40% the planners expect. Another cushion is the fact that the government has never been able to spend quite all the funds earmarked for previous plans. Best insurance of all is the pledged determination of two of India's biggest foreign creditors, Britain...
...most radically redesigned typewriter since the introduction of the first practical electric model 40 years ago was put on sale last week by International Business Machines. The product of ten years' work by IBM's engineering staff and Industrial Designer Eliot Noyes, the new machine types faster and is far simpler to handle than conventional models, which IBM hopefully predicts will soon be as obsolete as quill pens...
...Gross National Product will not show a defense-fed spurt until 1961's fourth quarter. It will be several weeks before procurement orders roll out, several months before big-scale production begins. Accordingly, Government economists are holding to their previous estimates that the G.N.P. will reach an annual rate of $520 billion in the third quarter of this year. But they have now revised their fourth-quarter projections from $530 billion to $535 billion...
...Philosopher. Gus Grissom's almost stoic calm in the face of the unknown was the product of both an introspective nature and a long and dedicated apprenticeship. The smallest (5 ft. 7 in.), most soft-spoken and most reserved of the astronauts, he tried the Air Force briefly as an aviation cadet just before World War II ended, later re-entered it after getting a mechanical engineering degree at Purdue. He flew 100 combat missions in the Korean war (Distinguished Flying Cross, two Air Medals), returned to the U.S. as a pilot instructor at Bryan, Texas. Says his pretty...