Word: product
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Dates: during 1960-1969
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...bold, imaginative style has won him the New South Wales National Art Gallery's Archibald Prize for portraiture three times. Painter Dobell found Prime Minister Menzies a "good sitter," reports that they chatted about friends, other artists and a mutual lumbago during their sketching sessions. Viewing the finished product, a friend remarked that Dobell had captured Menzies' "supercilious look." "No," corrected Dobell, "I've got his disdain-for-critics look." Gruffed Menzies himself: "I see you've got my damned chins...
Today, after a decade of unabashed wooing of free enterprise by Menzies and his government, Australia (pop. 10.2 million) is the biggest industrial nation in the southern hemisphere, boasts an industrial output three times as great as Brazil's (pop. 64 million). Australia's gross national product has rocketed from $5 billion in 1949 to $13.8 billion. Aided by a bold immigration scheme that has brought 1,500,000 Europeans into the country since 1947, Australia is no longer a backwater, but confident of its dynamism and independence. "Nowadays," says a senior Australian diplomat, "we can talk...
...DeForest Clinton Jarvis, bestselling author of Folk Medicine (TIME, Dec. 28). Said U.S. Attorney Theodore F. Bowes: the stuff is touted as good for about 35 ailments, ranging from arthritis to chicken pox, but cannot be sold in interstate commerce "until the label tells how to use the product to get the cures claimed...
...economy neared a historic peak during the first quarter: a half-trillion-dollar gross national product. While Government economists were still tallying the final figures. Commerce Secretary Frederick H. Mueller said last week that the total value of goods and services produced in the quarter that ended this week "reached the annual rate of close to half a trillion dollars...
...billion gain from the $483.5 billion G.N.P. in the fourth quarter of last year, said Mueller, demonstrates not only the economy's recovery from the steel strike, but a "firm foundation of business strength." Not since the first quarter of 1955, when gross national product rose $17.2 billion, has the economy grown so fast...