Word: tools
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Dates: during 1950-1959
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...much-troubled machine-tool industry reported that new orders in February increased 18% over January and 22.5% over December, which was the poorest month since October 1949. The National Association of Purchasing Agents announced that only 30% of its members reported worsening business conditions v. 45% the month before, while 19% found more business coming in v. 16% in February. Said the association: "There are some hopeful signs that the sharp downtrends in production prevalent for many months may be ending. Furthermore, there are indications that even the rapid rise in unemployment may be near the end. While only...
...Adolfo bought the Alfieri Maserati firm, then financially foundering, as an addition to his scrap-iron and farm-implement businesses, later used the plant as the base of a new machine-tool business. Racing cars were only the frosting on the cake to give the tools a famous name. By last year the combination was bringing in $3,000,000 annually. But along with the cash came trouble...
Argentine Dictator Juan Peron, a racing bug and sponsor of Driver Fangio, got so enthusiastic about Maserati racers in 1954 that he handed Adolfo Orsi a $3,000,000 machine-tool order to help speed Argentine industrialization. In turn, Adolfo enthusiastically allowed Peron three years to pay. A year later, when Peron was ousted, Argentina had paid only a fraction of its bill, all in wheat to the Italian government, which has yet to convert it into cash for Maserati. To top it off, Adolfo took on another $437,500 machine-tool order from the Spanish government-which has also...
...hope that the economy has just about stopped slipping. New claims for unemployment compensation, the department reported, edged downward for the second week in a row, reaching a 1958 low of 404,500 in the third week of March. Another hopeful sign was an upturn in machine-tool orders, considered an important economic indicator. And one major segment of the economy was enjoying a springtime bloom of prosperity: the Agriculture Department announced that farm prices rose 4% from February to March, with livestock, fruit, potatoes and eggs leading the way. It was the third consecutive monthly rise, put farm prices...
...skidded Irom 17 seats to seven, and only one of Thoma's supporters was elected. But the Communist Minren won only five seats, half the number they expected. "A stunning blow," confessed Saichi Nakeshi. Red mayor of Naha. "The people disliked the idea of being used as a tool of international Communism," commented the Socialists' snaggle-toothed Tsumichio Asato...