Word: productive
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Dates: during 1950-1959
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...touches the pulse of our economic system. Your statement that much American prosperity "was directly attributable to ... the automobile" is perhaps the truest yet made in estimating our big year of 1955. Those of us who live in the "steel city" feel keenly that the automobile is indirectly a product of our labor, and when that industry is healthy, we are healthy...
...earlier piatiletka: "We are 50 to 100 years behind the advanced countries. We have to run this distance in ten years. Either we do this or we disintegrate." That was a quarter of a century ago. Even in the unlikely event of the targets being attained, the gross national product of the U.S.S.R. in 1960, experts calculate, will be only two-thirds that of the U.S. at the present moment...
...Copenhagen clock is the product of some 40 years' planning by onetime Locksmith Jens Olsen, who died in 1945. A self-taught astronomer, physicist and engineer, Olsen conceived the idea of his clock after seeing the famed astronomical clock in Strasbourg. He devoted all of his spare time to planning it and calculating its complex mathematical functions. With funds raised by clockmakers' societies, he completed the plans in 1944, lived just long enough to supervise the first months of production of the clock's 15,000 different parts. Since then, a million dollars has gone into...
...train tests out on the New York Central, Pennsylvania and a long list of other railroads waiting to try it out on regular passenger runs. But G.M.'s Vice President (for Electro-Motive Division) Nelson C. Dezendorf is confident that G.M. can sell its newest product. Says he: "If we can build a railroad car to sell at half the price of present cars, and be operated at half the price, and be maintained at less than half the price, that's good for the railroads and good...
...forecasts for 1956 are impressive by any standard. For 1956, Administration economists predict a total G.N.P. of $403 billion, 4% higher than 1955. Personal income is expected to jump to around $310 billion, about half the 1955 advance, while savings hold steady at the 1955 rate. Though industrial production will not equal igss's 11 % jump, it is expected to edge up. The Government's budget, unbalanced in 1955, may still not balance in fiscal 1956, although the Administration hopes to turn in a surplus, with the possibility of tax cuts by midyear. What may throw...