Word: steele
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Dates: during 1940-1949
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Turkey's constitution flatly defines "Statism" as the republic's guiding economic policy. The Turkish .government operates power plants, railroads, ports, communications, sugar, salt and tobacco manufactories, oil, steel & coal enterprises ; it dominates shipping and banking. The bureaucrats have grandiose dreams of industrialization and self-sufficiency. They built a huge steel mill at Karabuk for $23 million-equal to the national education budget for one year. They are blueprinting airplane factories and plush government offices. But Turkey cannot yet keep pace with their plans...
Market for Progress. Turkish coal mines dig only one-tenth as efficiently as American mines. Turkish farmers still have few steel plows. But everybody seems to want improvement. Perhaps the most important result of Turkey's uneven march toward modernization is the creation of new demands-a great market for progress. Most Turks would understand the words of Celtik village's oldest inhabitant, 92-year-old Hayriye Soydan. Stooped, wrinkled and deaf, she still wears the traditional western Anatolian peasant costume-flowered baggy trousers, dark blouse, a blue-and-white yasmak (handkerchief) around her head. Sitting cross-legged...
...Wall Street, baffled brokers did not know what to make of things. Despite the strikes in steel, coal and aluminum, which had thrown at least 1,000,000 out of work and caused the worst postwar shutdown, the stock market kept right on going up. Last week, in some of the busiest trading of the year, the Dow-Jones industrial average rose 1.59 points to 186.78, a new high for the year...
...effects on its fourth-quarter earnings. Gloomiest talk of all came this week from Secretary of Commerce Charles Sawyer. He said that the strikes had already checked "the upward trend in business and employment," and that there would be "serious damage to the economy" in a month if the steel strike continued. If the strikes last till Nov. 1, he said, there will be 2,000,000 out of jobs. If they continue until Dec. 1, there will...
O.C.I, will start eliminating this abysmal misery not with steel mills and hydroelectric plants, but with cheap soap and DDT. Among the report's specific recommendations for the first year: spray DDT in barns, homes, under sleeping quilts and on the Persians themselves; hire 200 vaccinators and send them out to the villages; begin immediate instruction in elementary midwifery. At Karaj, where the old Shah wanted to build an integrated steel mill, O.C.I, recommends instead a small blast furnace and foundry to produce the pipe which Persia will need during the plan's first phases...