Word: tonning
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Dates: during 1950-1959
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...average iceberg. He combed the shipyards of Europe trying to find the chief prop for a new film called The Last Voyage, gave up in discouragement and sailed for home. At sea a day or so later, he looked over the water and saw a twin-stack, 44,000-ton liner slicing her way west at 23 knots. "That's the one," cried Stone. "I want...
...years. As for inflation, Blough considers congressional suggestions of wage and price controls "sheer nonsense." Nor does he agree with McDonald's argument that the best way to fight inflation is to cut prices, starting with steel. He cites the fact that U.S. Steel cut prices $1.25 a ton in 1948 when inflation had pushed living costs up 14.5% the year before. Costs kept climbing so fast that the price cut had to be canceled within three months. Says Blough: "The problem isn't prices; it's costs...
With a straight face, Gart passed on this conservative tip to Contribut ing Editor Ed Jamieson in Manhattan, who wrote the cover story. Jamieson was also born in Boston, went to Bos ton University, thinks that one of the world's fairest sights is Boston Com mon at dusk...
...Heavy-industry facilities grew up to produce turret lathes, 50,000-kw. generators, 100-ton forgings. Tin and aluminum refineries have sprung...
Paying Its Way. The boom is fathered by increased U.S. spending, but it is mothered by smart marketing. The industry has steadily brought down prices (current range: $225 to $375 per ton for central units in new houses) while putting out more compact, smoother-operating products every year. Thanks to miniaturization, the 1959 models of Admiral, Carrier and others are 50% to 60% smaller than in 1956. General Electric claims that one of its 1959 bedroom models is virtually noiseless. Westinghouse, Fedders, Emerson are putting out install-it-your-self "portable" models. York is packaging parts needed for installation with...