Word: sweden
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Dates: during 1960-1969
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...Austria, Sweden, and Switzerland, whose applications for associate membership insist on the preservation of their neutral status...
...while other Europeans despair of ever winning back their lost business, Sweden's 700-year-old shipbuilding industry keeps right on expanding. Since 1950, new tonnage from its shipyards has nearly doubled (to 742,068 tons). Today Sweden ranks fourth among shipbuilding nations (behind Japan, 1,799,342 tons; Britain, 1,191,758; West Germany, 962,407). While other European shipbuilders dolefully expect things to get worse, the Swedes look confidently for a new record of more than 800,000 tons in 1962-and they boast a three-year backlog...
What makes the Swedish record particularly notable is that next to the U.S., Sweden pays the highest wages in the world. Its shipyards pay skilled workers $1.50 an hour, nearly twice the rate for Japanese hands, and get no government subsidies. How have the Swedes done...
Born. To Ingmar Bergman, 44, Sweden's master of metaphysical cinema, and his fourth wife, Kabi Laretei. 40, an Estonian-born pianist: their first child (his sixth), a son; in Stockholm...
Died. William Warwick Corcoran, 78, an adventurous Washington. D.C. socialite who squandered his inheritance by the age of 30, joined the French Foreign Legion in 1916 and the U.S. Foreign Service in 1920, where later, as a wartime consul in neutral Sweden, he earned the U.S.'s highest civilian honor, the Medal of Freedom, for personal espionage that pinpointed Nazi Germany's V-2 rocket bases at Peenemünde; of a heart attack; in San Diego's U.S. Naval Hospital...