Word: production
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Dates: during 1950-1959
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...Productivity sagged, and the gross national product stayed nearly stationary for ten years...
Powered by military necessity, rocket engines have grown into a major industry with annual sales estimated at $450 million, a work force of 25,000-plus and a product line that ranges from small $50 JATO rockets to huge $250,000 missile engines producing the equivalent of 1,750,000 h.p. By the mid-1960s rocket engine spending will probably top $1 billion annually and go on climbing as the U.S. needs ever faster and higher flying weapons beyond the capabilities of conventional jet or ramjet engines, like those on Boeing's Bomarc missile (see below...
...tons of oranges in an effort to bolster prices; now about 50% of their crop is being turned into frozen orange juice and many growers are expanding. A new process, developed by the Agriculture Department, to dehydrate cooked potatoes has proved so successful that several manufacturers have put the product on the market. Predicts Dr. G. Edward Hilbert. research director of the President's commission: "This development will do for the potato industry what frozen concentrated orange juice has done for the citrus industry...
...anything bothers the liquor industry more than teetotalers, it is the legal taboos that restrict its advertising copy. While many an industry from cereals to soap touts its product as a boon to health or happiness, distillers are barred by Internal Revenue's Alcohol and Tobacco Tax Division from using "any advertisement which creates the impression that distilled spirits will contribute to the mental or physical well-being of the consumer, or may be consumed, even in moderate quantities, without any detrimental effect." Last week there were signs that the industry is getting around the law with ads discreetly...
Victor A. Fischel says: "We believe that we ought to have the right to tell any true story in advertising our product. The Government says we cannot make any claim to therapeutic values, regardless of truth. That is an odd position, considering the fact that the only liquor that could be sold legally during Prohibition was liquor for medicinal purposes...