Word: steels
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Dates: during 1950-1959
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...experts gathered in Hong Kong who, in the face of Chinese claims, had surmised a great failure and had reported food shortages in the cities while Peking was talking of vast stockpiles (TIME, Dec. 29 et seq.). And, as many Western observers had already suspected, the highly touted backyard steel furnaces proved a fiasco. None of 3,000,000 tons produced was usable in industry, confessed Peking. Between the lines could be read the bitter admission that the commune system had resulted only in pushing China's luckless peasants beyond their endurance. The report made sober reading for those...
...stockholders in recession year 1958, U.S. corporations voluntarily shouldered a heavier share than ever of the massive costs of U.S. higher education. In its biennial survey of 352 representative companies, the Council for Financial Aid to Education (chaired by Irving S. Olds, former board chairman of U.S. Steel) reported this week that last year's corporate gifts to colleges were up 23.5% from 1956. Unrestricted gifts, the educators' favorite type, led the list with 34% of the total, and even a few red-ink companies kicked in. But the council hopes that corporate giving is still...
...reported a fresh surge in expenditures for new plant and equipment. Capital investment has climbed from an annual rate of $30.6 billion in the first quarter to $32.3 billion in the second to a brisk $33.4 billion, may well hit $35 billion in the fourth quarter-if a prolonged steel strike does not sabotage the economists' projections...
Despite Mitchell's efforts, peace seemed as far away as ever. Steelworker Boss David McDonald agreed to return to daily bargaining sessions this week for the first time since Aug. 7. But the A.F.L.-C.I.O. made it clear that it expects the steel walkout to last at least another month; it scheduled a rally to back the steelworkers at its annual convention on Sept. 18, considered a drive to collect i^ a day from each of its 13,300,000 members to help support the 500,000 steel strikers. That-on the basis of a five-day week-would...
...Steel Hour...