Word: vastly
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Dates: during 1950-1959
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Khrushchev last week cited vast differences between the man-hours required for comparable farm output in the U.S. and the U.S.S.R. that were really much more eye-opening than his flashy predictions of increased farm production. These comparisons (see below) gave a truer picture of how far Khrushchev really is from equaling the U.S., and how harshly he must clamp down if he would close the gap. He found it necessary to increase his menaces against the "antiparty" group, and to blame them for the defects in Soviet planning. Molotov, Kaganovich and Malenkov, by opposing his virgin lands development, gave...
...humbug" figures purporting to show that the country had produced 145 million tons of grain, when in cold fact it had harvested no more than 100 million. Taking over, Nikita Khrushchev saw that the only way to expand production to feed an industrialized nation was to open vast new acreage in Siberia and offer Russia's collective farmers gaudy price incentives to boost their output. Having messed up Soviet agriculture earlier, said Khrushchev, the "reactionaries" of the anti-party group fought his every reform. "It hurts my tongue to call them comrades.'' he growled...
...economy is not the fruit of revolution but of the rapid change of U.S. capitalism to meet the vast, growing needs of the population it serves so well. In the new economy many of the old classical rules of economics no longer apply; over the years the U.S. has made and learned new rules all its own. The test-and the proof that the U.S. had learned its lessons well-was the recession. It not only highlighted the changes in the economy, but proved beyond doubt that the U.S. could take a hard knock and come bouncing quickly back...
Wall Street still has its speculators. But Merrill Lynch, Pierce, Fenner & Smith, in a survey of 300,000 big, little and medium-sized investors, discovered that the vast majority bought for long-term investment and had no intention of selling, despite the recession. Even American Telephone & Telegraph Co., that staid old lady of the utilities, is getting to be a growth stock...
...commercial jet age was born out of the Air Force bombers. In fiscal 1959 the U.S. will spend an increasing amount, as much as $5 billion, on electronic controls and gadgets of all kinds for the new family of missiles and space probes. Out of this vast spending already have come miniature electronic brains and controls for machines, and a whole new family of electric civilian devices. Transistors and other semiconductors are as useful in pocket radios and TV sets as in missiles...