Word: rates
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Dates: during 1940-1949
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Russia's standard claim to vast economic progress got one more ringing refutation last week. After long study, Australian economist Colin Clark documented his conclusion that the rate of Soviet production per man-hour of work was less than one-eighth that of the U.S. "Economic progress in Russia," said Clark, "has been uncertain and slow, and the most recent figures indicate that productivity is now only at about [its] 1900 level...
...have achieved only one-fourth the productivity of Britain, two-fifths that of France. Russia is in a class with such economically backward countries as Hungary, Rumania, Yugoslavia, Brazil and Turkey. It leads India, which produces only half as much per man-hour as Russia, and China, whose productivity rate was only one-fourth of the U.S.S.R...
...Angeles. We said that Los Angeles lands more fish than Boston or Gloucester. Mr. Smith thought the statement irrelevant. He maintained that quality, not quantity, was the true measure, and that there were no fish worth eating in the Pacific anyway. Otherwise, he found the story first-rate...
...advertisement in the June 27 issue, Peter S. Safran, of Niagara Falls, N.Y., noticed a magazine which appeared to him to have its logotype purposely defaced or to be an international edition of TIME in Arabic. At any rate, he wanted to know which was correct,* and added: "If this letter proves nothing else, it proves how closely every page is read by TIME readers...
Were U.S. railroads pricing themselves out of business? The Interstate Commerce Commission thought so. Since war's end, the railroads have asked for, and received, seven freight-rate increases, but freight revenues have been slipping anyway. Last week ICC reluctantly handed out an eighth increase (an average of 3.7%), boosting freight rates-and shippers' bills-an estimated $293 million annually. The commission also handed down a warning: the railroads' higher rates are diverting more & more business to trucks, a trend that "is too impressive and formidable to be ignored...