Word: tiring
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Dates: during 1960-1969
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...most of the nation's leading tiremakers, 1967 was a wobbly year. Lagging auto sales caused Detroit to cut back on tire orders; a United Rubber Workers' strike shut down several companies for more than two months. The major exception was Akron's Goodyear Tire & Rubber Co., which settled its strike in two weeks-and next month will announce record 1967 sales of about $2.6 billion (up from $2.5 billion in 1966) and profits of $128 million (up by nearly $10 million). This enabled Goodyear to further entrench itself in its 51-year-old position...
Five Minutes a Year. A prime reason for Goodyear's historic success has been innovation-or, as Chairman Russell DeYoung puts it, "You can reflect on past glories for five minutes each year, then forget it." Goodyear's firsts include the rayon cord tire in 1938, the nylon cord in 1947 and the polyester cord in 1962. Last week the company's latest creation was introduced: a polyester and fiber-glass tire, which will be sold as a replacement for original equipment tires and is said by the company to have twice their lifetime. More expensive than...
...coins bearing Nkrumah's likeness to be melted down in the British Mint. By devaluing Ghana's currency 30%, Ankrah has shrunk imports and wiped out a foreign trade deficit that totaled $840 million when he took over. He has given such U.S. companies as Firestone Tire & Rubber and Union Carbide contracts to revitalize Nkrumah's mismanaged state corporations...
Like the long-lasting tire rubber that comes out of his country, President William Vacanarat Shadrach Tubman of Liberia, 72, has proved to be mighty resilient. He first took office in 1944 and, in his inauguration speech in 1964, intimated that he hoped to bow out as President after his fifth term. But Tubman has become fond of inaugurations. Last May he again ran for reelection, this time without even the usual token opponent. As he begins his 25th year this week, Tubman has some claim to being called an elder statesman. Among the notables due in Monrovia...
Divorced. By Russell A. Firestone Jr., 41, heir to the tire fortune: Mary Alice Sullivan Firestone, 32, his third wife; a onetime Palm Beach schoolteacher; on grounds of extreme cruelty and adultery; after six years of marriage, one son; in West Palm Beach, Fla. The 17-month intermittent trial produced enough testimony of extramarital adventures on both sides, said the judge, "to make Dr. Freud's hair curl...