Word: steel
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Dates: during 1960-1969
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...symptomatic that last week's nonfiction bestseller in Washington was Ronald Steel's Pax Americana. Its message: "America's worth to the world will be measured not by the solutions she seeks to impose on others, but by the degree to which she achieves her own ideals at home...
...20th century may be an age of reinforced concrete, steel, aluminum and glass. But when it comes to city planning, architects can only express admiration for the grand design for Washington, D.C., as it was originally laid down by France's Pierre Charles L'Enfant in 1791. No architect affirms this more staunchly than San Francisco's Nathaniel Owings, senior member of Skidmore, Owings & Merrill. He has good reason to: he is chairman of the President's Temporary Commission on Pennsylvania Avenue and is also responsible for drafting a master plan for developing the mile-long...
Died. Clarence Belden Randall, 76, elder statesman of the steel industry, who was president (1949-53) and board chairman (1953-56) of Chicago's Inland Steel Co., No. 7 U.S. producer, but was better known as a forwardthinking internationalist, championing the Marshall Plan as its first steel ad viser and in 1953 heading Eisenhower's Foreign Economic Policy Commission which convinced Congress to take a few halting steps to lower U.S. trade barriers; of a heart attack; in Ishpeming, Mich...
...market was strong partly because many investors again see portents of inflation, and stocks are considered a sensible hedge. Also, there was economic news to balance the tax message. New factory orders and construction contracts are increasing, inventories are decreasing, and steel production took an upward turn. While reporting generally unimpressive first-half earnings, most executives have hastened to add that from their vantage point they think they see the up sign...
Reporting on U.S. Steel last week, Roger Blough calculated that "we have passed the low point. July will be the low month." Most businessmen agree that earnings should improve slightly, but there is bound to be cost cutting and perhaps price increases to help. The Government, they maintain, could help out too. Strong feeling is developing against the President's proposed surtax of 6% or higher on earnings, on the grounds that this is no time to take another bite where the fare has thinned...