Word: ratings
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Dates: during 1950-1959
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...quite ready to declare the recession extinct or the threat of a setback ended. Automobile production sagged 19% off last year's rate; industrial building was off 31%. Canadians also kept an eye on the U.S., where an economic revival is certain to give an extra push to Canadian business...
After President Juscelino Kubitschek made José Maria Alkmim his Finance Minister 28 months ago, Brazil's economic position steadily slipped. The cruzeiro free rate dropped from 70 to 147 to the dollar. A 14 million-bag mountain of surplus coffee piled up, and so did the balance of payments deficit. The U.S. promised help -provided something was done about the fiscal chaos. Last week Kubitschek replaced Alkmim with Lucas Lopes, a brilliant engineer who masterminded Kubitschek's ambitious development plan...
...market to exact higher prices succeeded mostly in giving the market to other coffee-producing countries, but it had great chauvinistic appeal to the powerful leftist nationalists. Lopes, 47, believes that heavy investment of foreign private capital is needed to boost per capita income. At the present rate of production growth, he says, "it would take slightly more than 20 years to reach the $400 per capita income level...
...sales in the second ten days of June posted a 6.8% increase in daily rate over the first ten days, and last week's production was up 9.6%. Ford Motor Co. returned to full-scale production, while Chrysler Corp. scored a 13% production boost in June. Yet even as the wheels rolled a bit faster, the industry got set for the annual model changeover shutdown. Buick production was stopped last week for approximately six weeks; Chrysler will start shutting down late this month, Plymouth in early August and Ford in September...
...action. More important, he announced that American Motors operations for the third quarter will be "even more profitable than previously expected," i.e., nine months' earnings of about $12,300,000 v. last year's nine-month deficit of $6,467,926. At that projected rate, total earnings in fiscal 1958 could well hit between $2.50 and $2.75 per share...