Word: steel
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Dates: during 1960-1969
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Squads of steel-helmeted combat troops guarded every polling place, and an air force DC-3 droned low over Caracas with a loudspeaker broadcasting guarantees of safety to the voters. It was Election Day in Venezuela-the day that Castroite F.A.L.N. terrorists had promised to fill with violence. They proved themselves ineffectual...
Renewed Promise. The optimism came from far more than faith in Lyndon Johnson's smooth transition: it was backed by some pretty impressive figures. Last week steel output rose for the sixth week in a row, and automakers scheduled record production for the month. Manufacturers' new orders in October rose to their highest level in five months ($35.3 billion) and construction in the first ten months jumped 10% ahead of last year. Buoyed by renewed promise of a tax cut early next year, the stock market momentarily broke through to a new high...
...nation's second most widely used metal (after steel), aluminum is a fair barometer of prosperity, since it is still considered a "glamorous" metal and is usually more expensive than steel. The industry, hit by an economic recession, overcapacity and a cutback in Government stockpiling, has not looked very glamorous since 1958. But rising U.S. wealth has brought back some of the shine to aluminum. Nowadays it seems to be almost everywhere, from towering curtain-wall skyscrapers to a whole new family of seamless, zip-top, snap-top and soft-top aluminum cans. Though profits have not yet kept...
...chewing-gum base from the U.S. entered Germany recently falsely labeled "raw gutta-percha"-a duty-free item. Hard-to-recognize electronic devices are classified as items simpler and cheaper; high-grade steel is listed as low-grade. "Many goods are thoroughly packed," says a badgered customs man, "and with great amounts coming through, we can't unpack everything...
Born. To Lucy Douglas Cochrane Ceezee") Guest, 43, high society's reigning queen, and Winston Frederick Churchill Guest, 57, Long Island polo player, Phipps steel heir: their second child, first daughter (Guest has two grown sons from a previous marriage); in Manhattan...