Word: production
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Dates: during 1950-1959
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...fifth morning after Sputnik I changed military policy and practice for all time, a brand new U.S. Secretary of Defense, fresh from a world where Cheer is a product instead of an attitude, took over the cavernous office on Ring E, River Side, Third Floor, of the Pentagon...
Scene is a a small garret occupied by young man, product of hard working parents and a Public High School. His name is Leo and he is a work. In the room with Leo are his three roommates--Upton, Francis, and William. The latter three are "Andover men." The radio is playing...
...Says President Dreyfus: "We must be regarded as something of a pilot plant that sets the pace for the rest of the nation's economy. For the past three years we have been able to raise wages by more than 12%, while holding the price of our finished product stable. By improving our productivity and our workers' living standards, we are helping France on her way to modernization...
...Gold-Plated Recession. In a growth country, the predictions are for growth, despite a recession in the early months of 1958. The gross national product will probably rise at least $1 billion. Technically, the economy will "recede" or move sideways. But if recession is defined even in the mild terms of the 1953-54 slump, it will still be a gold-plated recession. At that time, gross national product dropped by $6.3 billion; industrial production dipped 15 points on the FRB's index, more than most economists foresee for 1958; unemployment then rose to 5% of the labor force...
...encouraging answer to critics who say the U.S. does not trade enough was the case of foreign automakers: they boldly invaded Detroit's home grounds, boosted their sales of small cars by 110% to 235.000. Beyond trade, world-minded businessmen, who once looked only at U.S. gross national product but now talk of ''gross world product." will keep up their record flow of capital abroad. In the past two years. U.S. overseas investments soared from $1.7 billion annually to $3.8 billion annually...