Word: spend
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Dates: during 1960-1969
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Most of the U.S. litigation that makes news involves the triumphant righting of a wrong or the enviable winning of a large cash verdict. In fact, though, U.S. courts spend much of their time holding back a flood of questionable claims. As a result, they often seem mainly to be telling Americans what the limits of the law are-in short, who can't have what. Some current examples...
Last week Alcoa won final government approval of a proposal to spend $56 million building a new aluminum plant. Also last week United Brazilian Minerals, which is 49% owned by Cleveland's Hanna Mining, was granted the right to mine and export iron ore and eventually to manufacture steel, an ambitious $600 million enterprise. The two new projects were only the latest in a spate of similar announcements. Phil lips Petroleum plans to pump in some $60 million, starting with a new fertilizer plant for which ground has already been broken. Union Carbide will expand its operations...
Volkswagen, already Brazil's leader, plans to up production from 420 to 500 vehicles a day within a year, will spend at least $100 million for plant expansion...
...course, the rosy resurgence would not be Latin if it did not include a few thorns. For one thing, it comes at a time when many predict that the country is headed for a recession. The tightness of credit has dried up cash, and consumers have little to spend. Christmas shopping is the slowest in memory. Worse still is the spreading fear that all the foreign money means that Brazil is losing its national identity. American advisers are so much in evidence at the economic ministry that Brazilians bitterly joke that more English than Portuguese is spoken there. Some nationalists...
...Robert Crichton's second book, Rascal and the Road; he was convinced that it would not sell. Crichton insisted. Cerf published it, and sure enough, the book failed. Convinced that Random House had not done right by him-every author chronically suspects that his publisher doesn't spend enough money advertising his book-Crichton took his next novel to Simon & Schuster. The Secret of Santa Vittoria flipped right onto the bestseller list, is No. 1 this week...