Word: shores
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Dates: during 1950-1959
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Outclassed. The Communists were in precipitate flight to a new, hastily organized defensive position stretching from the peninsula's west coast near Pyongyang, the North Korean capital, to Wonsan, traffic junction and port on the eastern shore. They were heavily outclassed in equipment. The advantage of numbers had passed to the U.N. forces...
Isbrandtsen rides his crews hard, insists on quick turnarounds and a minimum of shore leave, is considered by many maritime men the most efficient U.S. shipper. Other shippers make no bones about their dislike of him because he 1) accepts no Government subsidies ("I prefer to earn my own money"), and 2) has fought long & hard against the conferences by which most U.S. shippers' rates are set. His most effective weapon to get business is to undercut the conference rates. Said one conference shipper: "He's the smartest damn guy in the whole business. You can hardly...
...turn, be boastful, humble, hard as nails and sob-sister soft. Although he spends six months of the year in his Miami home or in the Caribbean aboard his 71 -ft. cruiser, the High Tide, he is never out of touch with the paper, uses his ship-to-shore phone when necessary...
...reduced purchases of U.S. goods; 3) bigger exports to the U.S., due in part to currency devaluations that were made last year (TIME, Sept. 26, 1949 et seq.). Some nations were using part of the surplus dollars they were earning to buy gold from the U.S., thus shore up confidence in their currencies...
...Corp. joined hands and began to dig in. On a 50-50 basis, they bought out Reserve Mining Co., which owns leaseholds on 17,000 acres of taconite. Republic and Armco agreed to build a $60 million ore-processing plant near Beaver Bay, on Lake Superior's North Shore, and a 47-mile railroad to the taconite mines. The immediate production goal: 2,500,000 tons of taconite ore a year. Ultimately, the two companies plan to spend $100 million more to boost production to 10 million tons a year, equivalent to 10% of all current U.S. iron...