Word: ratings
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Dates: during 1950-1959
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Chile was in the final phase. Confronted by a 20% budget deficit, a $718 million foreign-trade debt and an unemployment rate of 10%, President Jorge Alessandri's month-old "businessman's government" devalued the currency. Down 18% went the value of the peso, from 837 per dollar to 989, in the hope that such exports as steel and wine, thus cheapened, would rise proportionately...
...Steel mills ran at 74% of capacity, maintained that rate into December. Industrial inventories of steel dropped to an eight-year low, making prospects bright for future production increase...
...cars annually. To complete the expansion before the 1960 model year, Romney will spend $10,150,000 on Rambler's facilities at Milwaukee and Kenosha, Wis., add at least 4,500 to the present payroll of some 18,000. With sales now running at a rate of more than 300,000 a year, Romney has upped his sights, expects to reach an annual rate of 400,000 by late fall...
Friendly Foes. Though the two countries are political friends, they are hot rivals in pursuit of U.S. investments. The Belgians are quick to offer U.S. prospects plenty of credit at 3% or 4% (and sometimes less) v. the usual Dutch rate of 5%. On the other hand, the Dutch trumpet low wages (industrial average: 57? per hour), which are on a par with those in Italy, almost 20% below wages in Germany, more than 25% below rates in Belgium, France, Britain. But Belgium has a ready rebuttal: higher productivity. Reports the Organization for European Economic Co-Operation: "The Netherlands started...
...Memphis decision, said the FPC in its appeal, would "bar the pipelines from utilizing the means best calculated to give them the necessary rate flexibility" and "would ultimately hurt the consumer instead of protecting him." Since the FPC usually takes anywhere from six months to two years to make up its mind, the Memphis decision put a damper on the expansion plans of many gas companies; they feared it would take too long to get needed rate increases. In asking the Supreme Court to reaffirm the FPC's longstanding rate-fixing practice, the solicitor general noted that "a substantial...