Word: tooling
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Dates: during 1950-1959
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...individual man and the injustice of institutional force. To the school's devotees, life's two worst evils are taxes and schools. Taxes are a highly objectionable example of the coerciveness that necessitates the eventual abolition of central government. Compulsory public school education is a vice and a tool of the existing order, teaching socialism on government handouts...
...past ten years, Harvard's Economic Research Project has been perfecting a unique analytical tool developed by Wassily W. Leontief, Henry Lee Professor of Economics. Input-output or inter-industry analysis, as the tool is known, evolved from a search by Leontief for a way to apply economic theory to a factual analysis of the entire national economy...
...Russians have also manifested interest in input-output analysis, and are now training people to perform the necessary operations. Leontief, who visited his native Russia briefly last spring, believes that although they are "having a hard time justifying the use of an analytical tool developed by a capitalist," the Russians will resort to it soon. Certain revisions have to be made in U.S.S.R. statistical methods in order to facilitate use of the analysis, Leontief added...
Born 43 years ago into a wealthy Chicago family (Thor Power Tool Co.), Florsheim was a painfully shy child, channeled all his energies into straight-A scholarship and crude, gloomy art. His father reluctantly helped him get an art education in Europe during the 1930s, but before World War II Florsheim managed to sell just one picture...
...heavy industry and rocketry. The spending for defense will continue at this year's spending levels, but the outlay on "science," which presumably includes the space effort and missilery, is to increase by an impressive 15.4%. Furthermore, 30% more will be invested in the key chemical and machine-tool industries next year. While Khrushchev talks grandly of more consumer goods, Kosygin affirmed only a 3% rise in spending on light industry in 1960. Consumers could take comfort in Kosygin's promise of "2,400,000 new, well-appointed apartments" to house 10,000,000 Soviet citizens. The government...