Word: product
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Dates: during 1960-1969
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...diversified as it has become, TRW refuses to consider itself a conglomerate for the simple reason that its product lines are so compatible. With main facilities still divided between Cleveland (Thompson) and Los Angeles (Ramo-Wooldridge), the company manufactures automobile parts (pistons, valves, fuel pumps) and aircraft components (turbine wheels, hydraulic pumps) in the East, turns out most of its aerospace and electronic gear in the West. The tidy mix brings TRW 56% of its sales from commercial and industrial customers, 44% from Government contracts...
During the next five weeks, their dark almond eyes will beam on a group of lecturers from business schools in the Boston area, and their stiletto-like fingernails will flick through books on such subjects as real estate management, production cost analysis and product marketing. Then they will visit major U.S. industrial firms, dropping in on General Mills or IBM or Mobil Oil to get a firsthand look at how their male counterparts in the U.S. turn a profit...
...subway is abuilding in the capital, and Mexico has just begun producing its own color TV tubes. The country's electricity output is computer-controlled, and planning is under way, with U.S. help, on Mexico's own space satellite for educational TV relay. The gross national product is increasing by 7% annually; foreign investment is flooding in at the healthy rate of $200 million a year. The country has an impressive 72% literacy rate, and the government is conducting an agrarian-reform program that will have distributed nearly 50% of the nation's land to campesinos (peasants...
...West German economy has stumbled through what Economics Minister Karl Schiller likes to call its "Talfahrt," or trip down into the valley. The nation's economic growth, after averaging nearly 6% a year since 1950, slipped to barely 3% in 1966. So far this year, real gross national product has actually declined. New Chancellor Kurt Kiesinger shares the widely held view that the roots of the downturn can be traced to an orgy of overspending by the governments of Konrad Adenauer and Ludwig Erhard. To restore public confidence, Kiesinger's seven-month-old coalition regime last week finally...
...horse-trading went on almost until the moment of the signing. At one point, the delegates of the six-nation Common Market team excitedly telephoned the U.S. negotiators, sputtered that printed tariff rates on some items, mostly wool products, worth $250 million in annual trade, were not so sweet as those talked about over the bargaining table. A mistake? Not at all. The wool-product rate, the U.S. reminded them, was tied to the rate for raw wool -and the U.S. agreement to slash raw-wool tariffs was contingent on wool-producing Australia's agreement to lower its customs...