Word: standard
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Dates: during 1960-1969
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...fishing-boat row distracted attention from the more serious dispute between the U.S. and Peru-the seven-month wrangle over oil. Just six days after overthrowing the government last October, Velasco and his junta confiscated most of the available assets of the International Petroleum Co., a subsidiary of Standard Oil Co. (New Jersey). This should have brought into force the Hickenlooper amendment to the Foreign Assistance Act, which would cancel all aid funds, but Washington held off because the matter was still in litigation, with I.P.C., backed on principle by the State Department, demanding just compensation. The Peruvians maintain that...
...future. Eager to "take the waste out of the wasteland," Thomas Tadlock, 28, spent two years and a patron's $10,000 to create his Archetron. The result is a studio-size console, with 46 knobs and controls and four screens, that scrambles the signals of standard programming to produce an endless flow of kaleidoscopic images. Both Siegel and Tadlock are working toward what Nam June Paik, 36, a Korean-born virtuoso of electronic sculpture, calls "the Silent TV Station, transmitting only beautiful 'mood art,' the TV version of Vivaldi...
Corned Beef and Competition. Cost overruns have been standard procedure in American military history. There were corned beef scandals during the Civil War, and the West was won partly on padded Government contracts for shot, powder, rifles, bully beef and hardtack. Today's excesses can hardly be blamed on defense-industry "profiteering." While U.S. industry's overall return on investment rose from 7.1% in 1967 to 10.1% last year, the defense contractors' profits have dropped from an average 10.1% to around...
...board's staff economists, the study projects remarkable advances in family income, now averaging $9,300. By the end of the next decade, the typical American household will earn almost $14,000 - in terms of today's prices - and enjoy a 40% increase in the real standard of living. At the same time, the number of families with incomes above $10,000 will rise from 15 million to 34 million. Those with less than $5,000 will decrease from 13 million to less than 11 million out of a total...
General Motors again led the list, followed in the top ten by Standard Oil (N.J.), Ford, General Electric, Chrysler, IBM, Mobil Oil, Texaco, Gulf Oil and U.S. Steel. Collectively, the top ten increased earnings by 21%, or double the rate of the other 490 companies...