Word: sharing
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Dates: during 1960-1969
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...week's end, however, the shocks eased-and at that there was even some disappointment, reflected by the housewife who complained: "All that scare and trouble, and no lava." The truth is that many Sao Jorgeans were hoping to share the fate of the victims of a 1957 volcanic eruption which poured ash over the neighboring island of Faial. The U.S. Congress passed Public Law 85-892 providing 1,500 special nonquota immigrant visas for destitute Faialeans, and they sailed off happily to live...
...Colorado has made the desert bloom. But by the time the river crosses the border, the Mexicans complain, the water has been used and re-used so often for irrigation of high-alkaline land that it is "poisoned with U.S. salt." Under a 1944 treaty, the U.S. promised to share the Colorado for irrigation purposes, and guaranteed Mexico 1,500,000 acre-feet of water each year. Mexico built a dam, dug irrigation canals and before long brought the once-desolate Mexicali region to life. But in 1961 the water became too salty to drink, and cotton died...
Comsat is a somewhat tortured compromise between private and Government interests. Half of its stock, which will start out at $100 per share, will be sold to "common carriers," varying from giant A.T. & T. to the Rochester Telephone Co., the rest to the public. The 15-man board will consist of six members from the communications companies, six from the public, and three named by the President. Comsat will be run by its $125,000-a-year chairman and chief executive officer, Leo D. Welch, 65, former Jersey Standard chairman, and its $80,000-a-year president, Dr. Joseph...
Bosses in Tandem. J. & L. has had its share of hard times. The company emerged from World War II with facilities that a shortsighted management had allowed to fall into desperate disrepair. The long, slow rebuilding process started by Admiral Ben Moreell in 1947 gathered momentum when Avery Comfort Adams, a supersalesman drafted from Pittsburgh Steel, took over in 1957. Shortly before his death, Adams retired last year; since then, Jones & Laughlin has operated under two bosses working in tandem. President William Johnston Stephens, 57, an outgoing salesman type like Adams, runs the day-to-day operations. Chairman Charles Milton...
Prebisch is worried most by the growing "trade gap" between what is bought and sold by the poorer nations -in Latin America, Asia, Africa. From 1950 to 1960 their share of world trade declined from 30% to 20%, and their imports expanded much faster than their exports. On top of that, a world commodity glut held down prices of their exports-mostly food, fuel and fibers-while prices rose for the increasingly complex machines that they import. Because of the switch to synthetic goods and new efficiencies in manufacturing, the industrial nations are buying relatively less natural rubber, textiles...