Word: productive
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Dates: during 1950-1959
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Last week an official West German report to the Organization for European Economic Cooperation (OEEC) demonstrated in part what Bulganin meant. On the basis of present trends, West Germany expects its gross national product to be 10% higher this year than last. West German industry will produce about 15% more, exports will be up by $880 million, total foreign trade by 20%. As a result, tax yields will increase 5%, enough to allow the government to plan reductions not only in consumer taxes but also in personal income taxes...
VENEZUELAN STEEL will be competing with the U.S. product for South American markets within the next few years. Venezuela has signed a $128 million contract with Italy's Fiat Motor Car Co. to build the country's first big steel plant on the Orinoco River near the big Cerro Bolivar iron ore deposits. To be completed in late 1957, new plant will have an eventual capacity of 421,000 tons of steel annually...
Does Fair Trade bring higher or lower prices? Last week, after a year-long study of the question, University of Chicago Economist Ward S. Bowman Jr. reported that Fair Trade tends to raise retail prices. As part of his research, Bowman picked a typical product, toothpaste, and 'checked retail prices all over the nation. Conclusion: in the 40 states that have Fair Trade laws, toothpaste costs 2% more than in free-trading states...
Fullback for tomorrow's game should be Bob McAniff, a local product from Salisbury, Mass., acclaimed for his speed and running exploits. A shifty sophomore, he displaced Cy Benson on the first team this past week. Reserve backs, who add to Cornell's fast alignment are Art Boland and Bo Roberson, both sprinters on the track team...
...probable, of course, that there will be lax enforcement of laws passed during the period--at least while international tensions remain at their present low cbb. But if McCarthyism was an unfortunate product of Cold War fears, what is to prevent the same hysteria from reappearing with a toughening of the Soviet line? The Landys and the Ladijinskys may get their commissions and keep their jobs now, but would they be so fortunate if the Cold Peace were once again the Cold War? Clearly, more than the Geneva spirit is needed to safeguard the rights and liberties so recently attacked...