Word: scrap
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Dates: during 1960-1969
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Because European businesses are so closemouthed about themselves, they do not publicly scrap for defense contracts. Most industries live more from civilian orders than from guns, but there are signs that some are beginning to count on government arms spending. The West German government's announcement last week that it will spend $800 million on speedy, new German-built tanks and tank destroyers will raise the amount of German industry dependent on defense contracts to 4% ; already the German aircraft industry, which employs 32,000 people, is 90% dependent on government spending...
...beguiling children and young shepherdesses. Sometimes-no one knows quite why-he dressed his plowmen and shepherdesses in costumes of the 18th century. But for the most part, Homer was faithful to what he saw-a boy and girl climbing over an old stile, a young girl seeking a scrap of shade, a lone woodsman affectionately stroking the bark of a tree, or a guide looking out over an empty lake. Three years after the Mountainville summer, Homer spent a summer in an English fishing village on the North Sea. There, for the first time, he began to see nature...
Oldtimers got it too. The Untouchables has been given the St. Valentine's Day treatment after four years. Have Gun, Will Travel and The Rifleman, six and five years old respectively, are headed for the last roundup. Car 54 will soon be roughly three cubic feet of crushed scrap steel. Naked City, the fine semidocumentary on New York police work filmed in the city streets, is finished too. The last vestiges of live, prime-time drama, the U.S. Steel Hour and Armstrong Circle Theater, are also passing away. Moreover, all three college-level educational shows are leaving the networks...
Ralph Ablon has no intention of letting his own company be scrapped. He has brought big company management to a fragmented, ruggedly individualistic industry that was created by penniless Jewish immigrants who scooped up junk in back alleys, made fortunes overnight and handed down their small businesses from father to son. Ogden's Luria research department, the industry's first and biggest, is now testing a contraption to reduce a whole auto to egg-sized pellets that could be easily stoked into oxygen converters or other furnaces. In a business long suffering from an inferiority complex, Ablon...
Down to Size. While steelmen in the past mixed about 50% scrap and 50% molten iron in their furnaces, they have devised ways to use only 45% scrap today. They have spent billions to build new "basic oxygen" steel furnaces that use barely 25% scrap and to open new iron mines from Labrador to Liberia. The scrap-men have also been hurt by five years of sluggishness in steel demand. Scrap prices have dropped from an average $53.50 a ton in 1956 to $28 today, and exports have plunged from almost 10 million tons in 1961 to barely...