Word: rosee
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Dates: during 1960-1969
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...Honshu sake bottler, Sato earned a degree from Tokyo University law school, started work as a government railways stationmaster, quickly rose to the post of Deputy Minister of Railways. As such, he caught the eye of postwar Premier Shigeru Yoshida, who made Sato his chief Cabinet secretary. Further boosted by another Premier, Nobusuke Kishi, who was his elder brother,* Sato went on to become a live wire in five Cabinets, played a leading role in Japan's economic miracle (his first name means literally "Prosperity Maker"). So smooth are Sato's looks that he has been called...
Strategic Strait. Whether or not anyone buys the theory of collusion with China, eyebrows in the West rose at news of the surprise visit to Djakarta in November by Red Chinese Foreign Minister Chen Yi. Last week, while Russia was among those trying to head off Indonesia's U.N. walkout, Peking applauded it, ridiculing the world organization as "a vile place for a few powers to share the spoils." In any case, the objectives of Sukarno and Mao Tse-tung on Malaysia clearly converge: both want the downfall of its pro-West regime-a prospect that holds grave political...
Firm Stand. The French action sent speculators off on a gold-buying binge, upset markets and confidence around the world. The price of gold on the London exchange soared to $35.20 an ounce, the highest since the Cuban missile crisis. As gold rose, the value of paper money decreased. The dollar declined on markets in Germany and Switzerland, and Britain's beleaguered pound fell fractionally. This week the Bank of France was expected to move to ease tension on the gold markets-but that would not alter the long-term French determination to put pressure...
...from candy to sewing machines-that they lost many years ago to other forms of transportation. Result: the railroads have just had their most profitable year since 1956. Last week reported that in 1964 the industry's after-tax profits jumped 7% to $835 million while operating revenues rose by 4% to $9.9 billion...
...with Boxcars. The best gains were made by the long-troubled Eastern railroads, largely because they made the most noteworthy improvements in equipment. The Pennsylvania, whose net rose 115% to $50 million, now has "unitized trains" that carry only one commodity between two fixed points (coal from mine to utility) and make 156 round trips a year, v. 18 under the old boxcar system. The New York Central's profits soared 150% to $35 million, largely because of gains from its Flexi-Vans and triple-tiered auto-hauling carriages, which enabled the line to carry 900,000 autos last...