Word: faster
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Dates: during 1940-1940
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This apparent contradiction was based on the fact that U. S. private shipbuilders and Navy Yards, working three shifts a day, six-seven days a week, were getting along faster than all but the most hopeful had expected. Fourteen destroyers were commissioned or launched between July 1 and Dec. 1. and 17 keels were laid. Construction time of a 1,650-ton destroyer has been cut from 28 to 18 months; by 1943 shipbuilders hope to whittle it to six. Work on battleships, carriers and cruisers is generally ahead of schedule...
...prosperity are the chicken-&-egg of economics. Does confidence turn the wheels, or do turning wheels churn up confidence? A.D. 1940 settled the second half of this dilemma: they don't necessarily. There never was a year in which Business had less confidence, or in which industry moved faster...
Including FHA houses, private construction gained faster than public. This month it ran 300% ahead of 1939. For the year, construction of new factories was double 1939's. Some of this was Governmentinstigated and -underwritten. But heavy construction, public and private, crossed the $4 billion mark for the first time in U. S. history. If residential building continues upward, 1941 may be a record year...
...year's end the industry had expanded its floor space 30%. But its backlog was growing faster, was equal to about a year of capacity operation. On Dec. 4 a large new list of machine tools was subjected to export priority control. Bill Knudsen scolded the industry for not doing more subcontracting. Meanwhile, investors showed less interest in machine-tool stocks than they might have if their low capitalization had not marked them for plucking by the excess-profits...
Meeting up against a much faster Northeastern basketball team than it expected, Coach Wes Fesler's Varsity five rose to the occasion and put on its best speed of the season in trouncing the visitors 51' to 33 last night in the Indoor Athletic Building. The Yardlings had previously tanned the hide of the weak Husky Cubs...