Word: production
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Dates: during 1950-1959
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...TIME, Nov. 23, you state: "In U.S. hospitals, occupational therapy is usually make-work and little better than leaf raking." Correction, please. Make-work may be used in U.S. hospitals when objective is not the product, or service performed, but the effect the activity itself has on the patient's disability, e.g., woodworking may be indicated because the bicycle saw used exercises the leg muscles in a special way; or painting because the canvas serves as a medium for the mental patient to express feelings he can't put into words. On the other hand, a patient...
...Australians got the first substantial electric power from their giant Snowy River hydroelectric project, an endeavor so vast that its $1 billion price tag is equal to 20% of the entire national product of ten years ago. Another signal of change: an upsurge in immigration has brought 1,500,000 hard-working "New Australians," mostly from Europe, to back the "Old Australians" in a forced-draft development of their U.S.-sized continent...
Monuments & Managers. The monuments are all the more impressive because they are new. One of the secrets of Europe's success is that the war forced the Europeans to build a new production base and incorporate the latest U.S. advances. West Germany's Daimler-Benz had to rebuild almost from scratch, estimates that 80%-90% of its mammoth complex (1959 production: better than 260,000 units) is new since World War II. France's booming aluminum industry boasts that its technology is second to none. Italy's Pirelli tire and rubber company claims the same...
...says that he is just a bit dubious at finding himself in step with the herd. The crystal-ball gazers predict that the national product will jump to a $500 billion rate in the first quarter, race on to $525 billion or better before leveling off at $510 billion and the first half-trillion economy the world has ever known...
...game, the experts point in alarm to the fact that Russia has grown to rank as the world's second greatest economic power in the space of 30 years. They cite a Russian annual-growth rate twice as fast as that of the U.S., a Russian gross national product that is around 45% of the U.S. figure, with estimates that the Reds will reach 55% within ten years. The bald figures are impressive, but they must be read in the context of what economists know about growth: that nations taking off from a low base inevitably grow much faster...