Word: steel
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Dates: during 1960-1969
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...billion, and increased at the astonishing rate of 81% last year. Unemployment, which reached 1,580,000 in 1950, is virtually nonexistent today; in fact, more than 800,000 foreign workers have been lured from their home lands to fill vacancies in West German steel mills and factories...
...Sears, Roebuck stores in Caracas look a little like fortresses these days, with steel watchtowers manned round-the-clock by battle-ready Venezuelan soldiers. Since last February, Castroite terrorists have bombed each of Sears's eleven stores, and burned down a $2,000,000 warehouse. So how's business? Great. Sears's sales are now running 30% better than last year in some stores. The company is rebuilding the warehouse, adding a twelfth store, and going partners on two new factories to produce furniture and stoves...
Booming auto sales have made bright times for steelmakers. So have brisk orders for steel to be used in freight cars, appliances and construction (given a lift by the prolonged balmy weather). With production rising for most of the past two months, steelmakers last week predicted that they would produce 108 million tons this year-up 10 million tons from 1962. Prices and profits are also on the rise. This promises to be by far the best year for the nation's basic industry since...
...Payoff. Third-quarter earnings range from strong to sensational. Compared with last year's third quarter, Armco Steel and Youngstown Sheet & Tube more than doubled their profits; Republic's earnings were up 54% and Jones & Laughlin's an awesome 862%, to more than $7,000,000 in the quarter. Inland Steel raised its quarterly dividend from 400 to 450, the first dividend increase by a major steel company in two years. The industry's two biggest companies, U.S. Steel and Bethlehem, are also widely expected to report higher earnings...
...heart of the project are the sweep-frequency receivers mounted on steel racks in the lab. Each receiver is simply an elaborate radio with a radio telescope for an antenna and lacks any sort of speaker for the sound to come out. Like an ordinary radio, these receivers can be tuned in on different frequencies; this is done by a small electric motor which mechanically tunes or sweeps the receiver through its entire range three times each second. In place of a speaker which would make the solar outbursts audible, each receiver has a cathode ray tube. The spot moves...