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...population; in its 500,000 villages there are scarcely 250,000 schools. India has almost as many unemployed as the U.S. has jobholders (68 million)-and the number of job seekers rises by 2,000,000 every year. Yet in its first Five-Year Plan India managed to boost food output by 18%, to make itself (given good weather) largely self-sufficient for food. Across the Himalayas, where a rival drama of planned advance is being enacted, the totalitarian techniques of Chinese Communism can claim no such gains on the land...

Author: /time Magazine | Title: INDIA: Mighty Theme . | 5/28/1956 | See Source »

Treasury Secretary George Humphrey, who had privately opposed the boost in discount rates, now publicly said that it was unnecessary and that "natural conditions" would have checked any trend toward inflation...

Author: /time Magazine | Title: STATE OF BUSINESS: The Watchword: Caution | 5/28/1956 | See Source »

...much as 60? an hour for every worker, increase the average cost of $129-a-ton finished steel upwards of $12 a ton. But steelmen guessed that McDonald would settle for considerably less. At the top of the package is the demand for increased weekend pay, which alone could boost labor costs by 30? per man-hour. The Steelworkers' main objective is to put workers on a Monday-Friday week, though this would demand widespread reorganization of the industry. Jones & Laughlin Chairman Ben Moreell was hopeful last week that if "the union lets the industry work it out over...

Author: /time Magazine | Title: Business: Guaranteed Annual Argument | 5/28/1956 | See Source »

...replant part of its vast, 90,000-acre rubber plantation in Liberia, West Africa with higher-yield (300% more rubber) trees in a program which will eventually boost the plantation's production some 25% to about 44,000 tons annually...

Author: /time Magazine | Title: CORPORATIONS: Wheels for the World | 5/28/1956 | See Source »

Grand Union sales rose 29% to $283 million last year, earnings 25% to $3,584,-125. Shield hopes to boost his gross another $75 million this year. But he is far more than an enterprising grocer. He is a director of the New York Federal Reserve Bank, and headed the 20-man Puerto Rico Food Advisory Commission, which worked out a master plan to speed native-grown food from farm to table. His latest project: organize the U.S. grocery group that will set up a fully stocked supermarket to go on display at Rome's fairgrounds this summer, thus...

Author: /time Magazine | Title: RETAIL TRADE: The Super Supermarket | 5/21/1956 | See Source »

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