Word: tools
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Dates: during 1950-1959
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Among the causes for the buying spree were the inflationary implications of a proposed $8 billion hike in the national debt ceiling and a new high for the consumer price index, which climbed to a record 123.7 in June. There were also some good business reasons. The depressed machine-tool industry noted a 7% rise in new orders from May to June. Second-quarter earnings in some key industries showed a better recovery than expected, indicating that a snapback in profits may be closer than previously anticipated. Many investors were also quite obviously influenced by the headlines from the Middle...
Around a T-shaped table in the office of Interior Secretary Fred Seaton, 25 representatives of 15 major oil companies met last week to demothball a tool left over from Suez. The oilmen were the backbone of the Foreign Petroleum Supply Committee, whose members formed a special committee to keep Europe's oil flowing in 1956 during the Suez crisis. Present purpose: to keep oil coming in case the fields in Iraq-or any other Arab land-should be suddenly shut down. Said Seaton: "We must be prepared to move, and move quickly...
...West to overcome its poverty, disease and ignorance. It needs the West's markets for its oil. But the misfortune of contemporary history is that any leader who tries to establish Arab unity in his own lifetime seems driven to make anti-Western emotion his main tool, and the more frenetic his outcry the more successful he is likely to be. Such is the destiny of Gamal Abdel Nasser, the Arab in Western clothes...
...inventory accumulation. The uncertainties of international affairs will cause many a manufacturer, wholesaler and retailer to think twice before eating more deeply into his stocks. The wise businessmen will tend to keep inventories level, or increase them a bit as a hedge against possible emergency. Said a Cleveland machine tool manufacturer: "Our story to customers is that now is the time to buy before we get jammed." In the same way, businessmen look for industrial expansion, now in the doldrums, to pick up speed again. Many companies, particularly in heavy industries, can be expected to examine their present capacity with...
...prosperous Japanese economy is currently feeling the pinch of recession-production is down, stockpiles and unemployment are up. Chinese steel production has quadrupled (but is still only 5,000,000 metric tons compared to Japan's 12.5 million), China's machine-tool production, doubled, is now almost on a par with Japan...