Word: steel
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Dates: during 1960-1969
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Rickey's tall, stainless-steel blades and showers of metal shards shift gently with changing air currents, sound like the wind whispering through TV antennas...
...While Wilson indulges in some ritualistic patter about Wall Street operators and Ruhr barons, he stresses science more than socialism, efficiency as much as welfare. Besides, a great deal of Britain is socialist for keeps, no matter who is in power. Coal mines, railroads and a segment of steel are nationalized already; the gas and electric industries are run by public corporations, as are airlines, broadcasting, canals and atomic energy...
Labor is committed to nationalizing the rest of the steel industry and possibly the trucking business. Wilson has also promised to modify the private ownership of land so as to prevent speculation-and of course he has vast housing and pension schemes. To accomplish all this he intends to set up a superministry of planning, which will overshadow the established economic departments (Treasury, Board of Trade). But it is highly unlikely that Wilson will be able to accomplish much of this in the near future. Quite apart from his precarious parliamentary position, he has urgent problems to take care...
...Western experts had been predicting that the Chinese would perform the feat before long. Two weeks ago, Secretary of State Dean Rusk said so again. Last week, with consummate timing, less than a day after Nikita Khrushchev's downfall was announced, the Chinese finally did it. From a steel tower in the desert of western Sinkiang, north of the Himalayas, they exploded a crude nuclear device...
...have already skipped centuries, advancing from their primitive agricultural economy into the industrial revolution. In parts, farmers still live in cone-shaped huts more suggestive of the Sudan than of Italy, and peasant women walk three steps behind their husbands. But the south now boasts Italy's biggest steel mill, its biggest oil refinery and its biggest petrochemical plant. Naples, now Italy's second biggest seaport (after Genoa), has become so thoroughly industrialized that there is little more room to expand, and Caserta to the north has grown into a mighty concentration of more than 100 plants...