Word: steel
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Dates: during 1960-1969
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...expansion than any other major nation. Even the most optimistic forecasts for 1965 turned out to be too low. The gross national product leaped from $628 billion to $672 billion?$14 billion more than the President's economists had expected. Among the other new records: auto production rose 22% , steel production 6% , capital spending 16% , personal income 7% and corporate profits 21%. Figuring that the U.S. had somehow discovered the secret of steady, stable, noninflationary growth, the leaders of many countries on both sides of the Iron Curtain openly tried to emulate its success...
...qualities that make for legend and those that make for mere performance are dramatically illustrated by the steel and aluminum crises. Kennedy exhibited his honest anger publicly and had the courage to be his own spokesman. Johnson, devious and cowardly, forced his subordinates to speak for him. I prefer Kennedy's method; the public knew exactly where he stood. If Johnson thinks he has been able to fool the public by staying behind the scenes, he is greatly mistaken; he has only earned himself disrespect...
Then, around a bend in the road careened a modern-day death demon: a ten-ton truck, thundering along at 60 m.p.h., and towing another truck behind it on a steel cable. Either the brakes had failed or the drivers had lost control. The people shrieked in horror as they realized that the trucks were not stopping. The first truck hit the crowd headon. It surged a full 40 yds., rising like a motorboat over successive waves of humanity until the friction of broken bodies and torn limbs slowed and stopped it. The second truck, veering to one side...
Police Cleanup. Germany's DEMAG steel company this year is sending out lithographs, some up to 150 years old, that depict 19th century ironmaking, and Bertelsmann, the Westphalian publishing house, will give hampers filled with Westphalian ham, pumpernickel and Steinhagen, a German gin. France's Banque Dupont will send a classic Eversharp desk set with two pens. Dujar-din, the cognac maker, is distributing an auto distress kit complete with blinking light. NK, Sweden's leading department store, sends out an LP record called "Music from Creative Sweden," while the Skandinaviska Bank distributes great straw plant baskets...
...hunting is getting better, though Eastern Europe still buys scarcely 4% of Western Europe's exports. Recently Austria's VÖEST sold an entire steel plant to Czechoslovakia. France's Renault signed up to build an auto assembly plant for the East Germans; in Poland, the British Motor Corp. is fighting Italy's Fiat for the contract to build an auto factory. Last week ouside Ploesti in Rumania, Illinois' Universal Oil Products prepared to break ground for a $22.5 million cracking plant-one of the biggest U.S. construction jobs ever undertaken behind the Iron...