Word: towards
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Dates: during 1950-1959
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...bases for confidence in the immediate future are flimsy." At first reading there was indeed cause for worry. By tradition Canada follows the U.S. economy, and signs seemed to indicate that she would follow the U.S. into recession. Factories were on short time, unemployment was climbing toward a postwar peak, and the stock market was a growling bear, with prices near the lowest levels in a year...
According to Dr. Lougee's theory, the northern shore of this sea was a towering ice cliff. Great icebergs broke away and drifted toward the outlet, a wide estuary that led to the Gulf of Mexico. When they melted, their embedded stones dropped to the bottom, creating the many glacial deposits that have puzzled other glaciologists...
When the glacier finally drew back toward Canada (about 23,000 B.C.), the unburdened crust began to recover, and the dimple flattened out. Ohio, Iowa, Michigan and Wisconsin rose out of the Leverett Sea. The broad estuary that led to the Gulf shrank to form the modern Mississippi...
Meantime, the nation's No. 3 airline. Eastern, moved a step toward settling its five-week-old walkout, which costs it $1,300,000 a day. Its striking machinists voted to accept a three-year package that brings top pay to $2.95 an hour. Eastern is still negotiating with its engineers, who balk at company orders that they must take pilot training to fly on jets...
Standard was then a slow-moving manufacturer of milk-bottle tops. Chandler assembled an able young management team, decided to point the company toward "convenience" living and disposable paper products. With a five-year growth map of what the market wanted, Chandler set about buying complementary companies, took in Sterling Products for its paper plates in 1956, Modern Packages for its flexible packaging material. In 1957 he added four box and label makers, last summer merged the Johnston Foil Mfg. Co., which laminated foil to paper. This year Chandler got his biggest acquisition: Eastern Corp. (1957 sales: $25 million), which...