Word: stainless
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...writer and his company were the first to undertake the rebuilding of the Japanese stainless flatware industry, even though at the time we employed 1,700 workers producing similar products in America. Seldom have I encountered what I consider to be such editorial leadership and civic accomplishment, as well as courage, as was shown by TIME in its March 3 Business section. My congratulations on your broad point of view and your atriotism in thinking of all America and its verseas relationships-rather than a small area of self-interest...
...rocket-plane built by North American Aviation, Inc. is the second approach. It will probably make its first flight to the edge of space in less than a year. Made of stainless steel to resist heat, it is a stubby-winged airplane only 50 ft. long, weighing about 33,000 Ibs. when fully fueled. Its single rocket engine has 60,000 Ibs. of thrust and is capable of lifting it off the ground like a ballistic missile...
Tsubame, a town of rickety houses and muddy streets, produces nearly all of Japan's stainless-steel flatware-and sends 80% to the U.S. This good fortune is due to U.S. businessmen; they put Tsubame back to work after World War II, when its shabby flatware industry was nearly defunct. The first few small orders from occupation forces for stainless-steel flatware helped keep its 15,000 people alive. Then in 1949, some U.S. cutlery companies saw in Tsubame a wonderful opportunity. The U.S. companies wanted low-priced stainless steelware to undercut the high-quality product that Europeans...
...winning success, the Japanese also created a new household market for U.S. makers, whose cheaper ware previously went mainly to restaurants and institutions. U.S. silverware makers themselves soon turned to stainless steel. They, too, were quite successful. All told, U.S. makers boosted their sales from 10.8 million dozen pieces in 1953 to 14.4 million in 1956, and new jobs were created. But because the sales of U.S. makers did not rise as fast as imports, which in 1956 captured about one-third of the total U.S. market, the U.S. companies began complaining about imports...
...quiet them, the Japanese last October promised to cut back future imports to the 1956 total. It was too late. Before the Tariff Commission. U.S. makers of stainless steel flatware pointed to the fact that 558 workers in their own small industry of 21 companies had been put out of jobs, though total employment of 2,522 was still above what it was before the import upsurge. The U.S. makers wanted stainless-steel imports from all countries slashed to 10% of the current total. Instead, the Tariff Commission recommended duty boosts to President Eisenhower that would raise Tsubame prices...