Word: ten-year
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Tokyo's Yawata Iron & Steel Co. offered to purchase 5,000,000 tons of South African pig iron over a ten-year period. With such a huge deal in the works. South Africa could hardly afford to insult the visiting Japanese trade delegations that now would regularly visit the country. Without hesitation, Pretoria's Group Areas Board announced that all Japanese henceforth would be considered white, at least for purposes of residence, and Johannesburg's city fathers decided that "in view of the trade agreements" they would open the municipal swimming pools to Japanese guests...
...rumor mills for days before it became public, one of the nation's industrial giants last week rejiggered its top management. Out as president of the kaleidoscopic Radio Corp. of America went John Lawrence Burns, 53, who took on the $200,000-a-year job under a ten-year contract less than five years ago. A top-drawer management consultant, Burns came to RCA from Booz, Allen & Hamilton, where he had been rated an expert on the problems of running big corporations and had included RCA among his clients...
...competition from Northeast. Northeast Chairman David Stretch, 53, who is also president of Atlas Corp. (which owns 56% of Northeast's stock), blamed his losses on financing problems. By granting Northeast only a five-year certificate on the Miami route, the CAB frightened the bankers, who would only give Northeast five-year loans (v. the normal seven-to ten-year loans) to buy new equipment it needed. The result: an inordinate part of Northeast's earnings had to be earmarked for debt service and repayment...
Abruptly, Franco was proved right. Looking about for places to put airbases, the U.S. in 1953 signed a ten-year alliance and aid treaty in Madrid, and Franco passed from international villain to member of the Western community. Ever since, Spain has been improving slowly, erratically, but noticeably...
...significant work is all concentrated in the ten-year span from 1920 to 1930. The novels after 1930, even the successful It Can't Happen Here and Kingsblood Royal, were jerry-built, and some of them were embarrassingly bad. E. M. Forster predicted his decline as early as Dodsworth; in an essay on Lewis called "A Camera Man," he wrote: "Photography is a pursuit for the young. So long as a writer has the freshness of youth on him, he can work the snapshot method, but when it passes he has nothing to fall back upon. It is here...