Word: productive
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Dates: during 1960-1969
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...manufacturers-who are not as diversified or as well-financed as the large companies-tend to find themselves squeezed for profits, short on capital, and without enough technical talent. Says President Matthew Meyers of Los Angeles' Alvo Nut & Bolt Co.: "We're paying more to make the product itself; yet because of competition, we are selling it for less and less...
...economics, or numbers of weapons win wars. Alone, they do not. Man, his wits and his will are still the key to war and peace, victory and defeat. Morale is the business of every leader in our defense establishment. Do all else right, and do this wrong-the product in a crisis is disaster...
Unhappy Generals. The People's Liberation Army-now 2,600,000 strong-is by far the most impressive product of Red China, but there is evidence of dissatisfaction at the top and bottom of the army. Among the generals, those having a guerrilla mentality conflict with the professionals, who argue that to obtain the supplies needed by a modern army, China must cooperate closely with the Soviet Union. Defense Minister Peng Teh-huai, leading spokesman for the professionals, was dismissed from his post in 1959, but remains a member...
...peso is firm, gold and dollar reserves stand at a historic high of $510 million, wages climbed 17% last year, while the cost of living was held to an increase of only 1.8%. The country's population rose 3.1%, to 38 million in 1962, but the gross national product rose even faster -4.8%. The boom, said Lopez Mateos, was reaching the people in a multitude of forms...
...million aht Bayer invests annually in research has produced so many postwar products that 58% of its sales come from items that did not exist 15 years ago. President Kurt Hansen, 53, is a relaxed, personable sort who recalls, "A journalist once asked me why we didn't invite the press when we developed a new product. So I replied, 'Do you want to be invited every day?' " Pharmacy of the World. Since its founding 100 years ago by Dyemaker Friedrich Bayer, the company has shown a knack for seeing ahead of competitors. In the 1860s Bayer...