Word: throughput
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Dates: during 1960-1969
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...thing: that the bank can and will act. It will not share in the general paralysis afflicting aid efforts in so many parts of the world." Using an industrial term that harks back to his days as a Ford Whiz Kid, McNamara proposed that the bank increase its "throughput"-the total amount of money that the bank borrows from private lenders or gets from governments and then doles out in loans-to $10 billion in the next five years. Of that sum, large chunks would go to improve education, wipe out illiteracy and modernize agriculture. McNamara insisted that the time...
Patience has never been a virtue of the ambitious Rotterdammers. Since World War II, when 35% of its port facilities was leveled by the Germans, the Dutch city has spent $200 million to build a modern gateway to Europe. Between 1960 and 1966, Rotterdam's oil throughput has soared from 215.4 million bbl. annually to 453.6 million. Making this possible is Europoort's strategic location: five industrialized nations, with a total population of 168 million, are within 400 miles. Refined oil is loaded into trucks and rail cars, hauled inland by barge along the Rhine and Meuse rivers...