Word: productive
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Dates: during 1950-1959
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...Canada's gross national product soared to $29.5 billion, an increase of more than 10%. The year's growth matched the 1955 rate, and raised the country's production to a level six times as high as it was 20 years...
With a record 65 million employed, the gross national product rose 6% to an alltime high of $412 billion, better by $9 billion than most seers had forecast. Al most every American shared in the unparalleled prosperity. Unemployment was down to 2,463,000 in November, and workers were eagerly baited, cajoled and lured into jobs by ads and employment agencies from coast to coast. The shortage was not only of brawn, but also of brain. Some years ago Planemaker Boeing, for example, needed one engineer for every 15 employees. By this year the ratio was down to one engineer...
...defenses, there was little argument, but not much cause for cheer. Faced with the economic crisis brought on by Suez, Britain told the council frankly that it could no longer maintain its defense expenditures, which are currently running at $4.2 billion a year or 9% of the total national product. France admitted that there was no prospect of bringing back the four divisions it pulled out of NATO's shield for service in North Africa...
...flaw in the Government's case, said Beth Steel, is that the two companies are more complementary, both by geography and by the products they make, than competitive. Bethlehem has plants on the east and west coasts, while Youngstown is concentrated in the Midwest. Youngstown produces many products that Bethlehem does not, e.g., seamless weld pipe, while Bethlehem manufactures steel types not made at all or in any large quantity by Youngstown, e.g., structural steels, rails, castings, stampings, machinery, freight cars, ships. The merger would permit product and geographic expansion that neither company could finance in the tight money...
Keith Funston, president of the New York Stock Exchange, envisioned a gross national product of $600 billion by 1965, provided U.S. corporations can raise $360 billion for expansion. Funston warned that the man who should supply $30 billion of this amount-the private investor-is hindered by prohibitive taxes that have "locked in" $200 billion in unrealized capital gains that could be used for new investments. Funston called the capital gains tax "one of the harshest penalties on success this country has ever devised," suggested tax liberalization to attract more funds for investment in the nation's business future...