Word: productions
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Dates: during 1950-1959
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...countries and Japan have agreed to join with the U.S. in setting up the new $1 billion International Development Association (TIME, Oct. 12). And last week, after asking his countrymen "whether we have the right to enjoy all to ourselves the steady annual increase of 6% in our national product," West Germany's Economics Minister Ludwig Erhard proposed that his government review its system of foreign credits and "untie" them so that in the future underdeveloped countries would be free to use German credits for the purchase of non-German products. The U.S. could only welcome the offer, while...
Picking years chosen to fit their point, Moscow's statistical wizards even "prove" that between 1952 and 1958 (a U.S. recession year), Russia registered steady increases in production of pig iron, steel, coal and cotton textiles, while the U.S. lost ground; absolute production figures, which show the U.S. far ahead in every important industrial and mining product except coal and iron ore, are discreetly left in the background or totally ignored.* But in the last fortnight, as he meandered through Siberia on his way home to Moscow from Peking, Khrushchev could not avoid seeing for himself that his country...
...People Paid Attention."The Huntley-Brinkley combination is the product of pure chance. In 1956, planning coverage of the national party conventions, NBC decided to send in some fresh faces, dispatched Huntley from New York and Brinkley from Washington, expecting them to spell each other. They made it a team operation, brought off the assignment so handsomely that NBC decided to make them a habit. (Said Brinkley wryly of this sudden prominence: "I did what I'd been doing for years, but people paid attention.") In October 1956, Huntley and Brinkley-who had not even met before their paths...
...that inventories, which had been building up at an annual rate of $9.8 billion in the second quarter, would be cut so sharply that the rate may drop by more than $10 billion in the third quarter. Chiefly because of the depletion in inventories, they expect the gross national product to skid $5 billion in the third quarter, perhaps preventing the G.N.P. from reaching the half-trillion mark by year...
...fact that the slide will not be more severe is a good indication of the basic health of the U.S. economy. Despite the steel strike, most sectors of the economy are moving along steadily. To help offset a bigger drop caused by inventory depletion, the gross national product will benefit in the third quarter by increases of $1 billion in state and local expenditures, $1 billion in new plant and equipment, $3 billion in consumer spending. "Despite the crippling of one of the nation's chief industries," said the First National City Bank of New York in its monthly...