Word: retoolings
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Japan's businessmen are partly to blame for this state of affairs. Instead of using Korean war profits to retool their plants, pack new muscle on Japan's war-torn industry so it could compete better in the free world, they squandered much of the money on modern office buildings, long, black limousines, English tweeds and expensive parties. But the real crisis will not come, say some observers, until Japan's reserves drop to $600 million. Thoughtful businessmen, who long ago warned that the end of the Korean war would hit the economy hard (TIME, April...
...grand ballroom of Manhattan's Waldorf-Astoria this week, a multimillion-dollar show heralded the biggest auto news of the year: General Motors' 1954 line of cars. To retool for the 25 new production models and build eleven experimental cars, G.M. spent $350 million...
...with its talk of megaton bombs (equal to 1,000,000 tons of TNT), cast great and sudden doubt on the validity of the thinking and the plans of statesmen and diplomats and soldiers. Both sides were caught in a sort of pause, to re-examine and to retool. It was in this atmosphere of confusion, holding back and reassessment that the unhesitant, unconfused, unswerving re-emergence of West Germany made its mark...
...another 30%. The new plants will span the continent: a $100 million assembly plant near San Francisco, a $75 million plant near Louisville, and a $90.0 million one at Mahwah, NJ. Other millions will be spent to almost double the facilities of present plants in Cleveland and Cincinnati, retool a tank plant at Livonia, Mich, for auto-transmission production...
...brush or grass, and then let him try to get accurate fire with a wet, fogged-up sight." Another objection, and a big one, is that other NATO nations use rifles of heavier than .28-cal. (some being supplied by the U.S., free). To switch to a new caliber, retool the plants (in the U.S.) and equip whole armies with the British piece, would cost billions of dollars and years of time, not to mention scrapping huge stocks of .30-cal. rifles and ammunition...