Word: tools
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Dates: during 1950-1959
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Most Cubans were still convinced that Castro is not the Communist that his old friend, Díaz Lanz. says he is. But by outlawing anti-Communism in Cuba, he had proved that, willingly or not, he is the Reds' best tool in Latin America since Jacobo Arbenz fled Guatemala in 1954 and eventually fetched up in Prague, Czechoslovakia. And he is a strongman of terrifying power. No Cuban could feel safe when one man could, with mere words, so quickly reduce the President of his country to the status of a traitor...
...well-inventoried machine-tool manufacturers make a case in point. They require so many different specialty steels that they cannot stock all of them, will be in a bad way if warehouses run short of a few kinds. Automakers are in a similar fix. They have stored sufficient steel to run well into the 1960 model year-unless a supplier of some critical component has miscalculated and runs out of steel. Chrysler, which will start producing its 1960 models in mid-August, has a big enough stockpile to roll through mid-November. Ford (which makes 40% of its own steel...
HOWARD HUGHES, whose Hughes Tool Co. controls TWA, plans to sell six TWA jets on order to Pan Am to ease financial squeeze. The deal: for $40 million, Hughes Tool will turn over six new long-range Boeing 707s to Pan Am, beginning in December. Hughes will also get an option to buy Pan Am's six shorter-range 707s for $32-to-$33 million-if it can raise the cash. Hughes has a $320 million commitment to buy 63 jets for TWA. Even though TWA has finally climbed into the black, Hughes has trouble raising that much money...
...water pushed around by prevailing winds, Henry Stommel of Woods Hole analyzed thousands of such observations, predicted that a current would be found flowing under the Gulf Stream in the opposite direction. In 1957 the Atlantis and the British oceanographic ship Discovery II went looking for this current. Their tool was an ingenious buoy invented by British Oceanographer John C. Swallow, which sinks slowly until it reaches a level where the sea water, compressed by the weight of water above it, has the same density as the buoy. There, the Swallow buoy hangs and drifts with the deep-down water...
...over a year ago to $3.8 billion, setting a new April record. With construction contracts running 22% ahead of last year for 1959's first four months, industry leaders were upping their forecasts, now expect a gain of up to 13% over the 1958 construction total. Machine-tool orders in April rose to $53.4 million over March's $51.5 million...