Word: spurs
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Dates: during 1950-1959
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...RATE PESETAS will be sold by Spain to U.S. travelers. To spur foreign tourist trade and combat flourishing black market, the Franco government will let Americans deposit dollars in U.S. banks, pick up pesetas in Spain at rate of 46 to $1 v. current pegged rate of 38.95 per $1. Spain is also considering general devaluation of its weak peseta...
...sale to Reynolds Metals Co. of more than 25% of state's St. Lawrence power, on top of same amount already promised to Alcoa. Reynolds will build $88 million aluminum reduction plant on St. Lawrence near Massena, N.Y., and General Motors will put up aluminum casting foundry there, spur lagging industrialization in the upstate area...
Trade Not Aid. To spur economic progress in this pattern, the Administration encourages the flow of dollars to Latin America by trade and private investment. "The 168 million people in the U.S. cannot export prosperity to the 175 million people in our sister republics. There is only one really effective way to expand our trade, and that is to increase our imports from the area. The Eisenhower Administration has been notably successful in defending its trade policy toward Latin America, despite an annual barrage of proposed laws, tariffs and other restrictions designed to eliminate some competitive Latin American product...
...businessman has always been dependent on new ideas for survival and growth, but never has he been more determined in his search for new ways of doing things than today. To spur "creativity," businessmen will try anything, from the venerable suggestion box to such freewheeling idea-association techniques as "group thinks," "buzz sessions," "imagineering," and the most popular device of all, the "brainstorm." Originator of the brainstorm* is Alex F. Osborn of Manhattan's Batten, Barton, Durstine & Osborn, who defines it as a method in which groups of people "use their brains to storm a creative problem...
...Chemical Corp. announced plans for a $120 million aluminum plant at Buckhill Bottom, 20 miles from Wheeling, W. Va.; soon afterward it joined forces with Revere Copper & Brass to boost the ante to $304 million. In quick succession the Pennsylvania Railroad spent $4,000,000 building twelve miles of spur track to the plant site, and M. A. Hanna Coal Co. started work on a big new mine to provide coal for Ohio Power Co.'s expanding plant at Cresap, W. Va., which in turn contracted to supply power for the new aluminum works...