Word: westernization
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Dates: during 1950-1959
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...Western...
...losing boat trailed the leaders through the centre span of the Western Avenue bridge, a group of 'Punie candidates combined knavery and imcompetence in a disastrous effort to bring victory to their Bow Street masters. Scuttling out on the bridge, they flung a coarse fishing net over the side to snare the shell passing below. The net, traditionally used to "spider" and swing new editors during their colorful initiations, unerringly fell on the 'Poon boat, almost capsizing its old friends...
...that it helped American Telephone & Telegraph raise its per-share earnings from $2.76 last year to $2.81. The Bell System, announced President Fred Kappel, added about 725,000 new telephones in the quarter, 66% more than in the first three months of 1958. The telegraph wires were also humming; Western Union announced a first-quarter profit of 55? a share...
...adoption of western economic theories is causing revolutionary changes in Russian thinking and may bring the Soviet people substantial economic improvement, Wassily W. Leontief, Henry Lee Professor of Economy, reported recently...
...first hint of a change in Soviet thinking was Khrushchev's slash in funds for hydroelectric plants last August. According to western economic theories, the maintenance cost of such plants makes them uneconomical as a power source...