Word: steel
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Dates: during 1960-1969
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...bottom of the shock list. A com pounding factor is the increasing prevalence of metal desks, typing tables and wall trimmings, which are brisk conductors of any static charges that anybody can scuff up. Driest days are the worst. When the humidity falls below 20%, executives view every steel-framed desk chair as a potential hot seat, and handshakes are timid...
Jane's Verdict. Nikita Khrushchev has stretched his nation's resources dangerously thin. The 1964 and 1965 budgets published in Moscow last week showed sharp cutbacks in plans for such key sectors of heavy industry as steel and electric power in order to divert massive additional funds to the lagging agriculture program and the backward chemical industry. Perhaps the lack of capital was also the cause of the declining rate in Russia's air and space spectaculars. The latest edition of Jane's All the World's Aircraft lists only one new Soviet plane...
...every month. Both the jug and the stovepipe-a huge crook-necked whistle Richmond invented himself-are played by puckering up and blowing like hell. Three jug tunes in a row get Richmond so dizzy that he has taken to wearing a pair of steel-rimmed glasses with blue lenses so he won't look funny...
...business reaped an unprecedented harvest of $51 billion in pretax profit. Detroit's automakers, strained almost beyond their willing capacity for optimism, not only ran up the best year in their history, but witnessed the beginning of another that held promise of destroying tradition as well as records. Steel re-exerted its role as a bellwether of the economy, hitting its highest output level (109 million tons) in six years. The number of Americans holding down jobs swelled to 70 million, and the average paycheck was heftier than ever before. All this added up to a gross national product...
...talk about a cut, the business community's consensus in its favor seems based in part on anxiety about what might happen if there were none. Many businessmen have already reckoned the tax bill in making their future estimates. Chairman Charles M. Beeghly of Jones & Laughlin Steel Corp. warns that "if it were lost, I think this would have a serious adverse psychological influence on the economy." No one knows for certain whether Congress will pass the bill, though its prospects are looking up. Tax cut or no, the economy in 1964 promises to continue along...