Word: fasters
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Dates: during 1960-1960
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None of the Whiz Kids grew into executive manhood faster than McNamara. Starting as a financial analyst, he was named company controller in 1949, group vice president in charge of all car and truck divisions in 1957. Last month, just one day after Kennedy won the election, McNamara was made the first non-Ford ever to serve as president of the nation's second largest auto firm (TIME...
...becoming a cultural and intellectual satellite when our reading matter becomes so increasingly American?" In rebuttal, representatives of U.S. publications contested the notion that Canadian magazines were suffering unduly, noted that between 1950 and 1959 the ad revenues of Canadian magazines rose from $17 million to $40 million, faster than the growth rate of Canada's gross national product...
...seven German divisions in NATO, says Strauss, are intermeshed "like a Zipper" along the theoretical line of battle with British, Dutch, American and French divisions. Though the German army already has 3,000 U.S.-built tanks, Strauss plans to replace them with a lighter, faster, lower model to be produced jointly with the Italians and French. The army's other key vehicle, in conformity with the German World War II doctrine that infantrymen should ride straight into combat, is an armored personnel carrier (powered by a British engine, and using Swiss and French components) that can charge through machine...
...keep the inflation-ridden economy from collapsing, Kubitschek must juggle his debts faster and faster. Caught short of dollars two months ago and faced with a six-month, $87.7 million repayment installment to the Export-Import Bank and the International Monetary Fund, Brazil arranged a six-month payments moratorium-but the next Brazilian ad ministration will have to resume payments. To meet the internal demand for dollars, the Bank of Brazil recently started selling (at a discount) certificates for dollars deliverable within 90 days. The first batch of $80 million must be redeemed in dollars beginning...
...recession, said Schultze, was too much tightening of credit by the Federal Reserve Board, and the Government's attempt to "budget for an overly large surplus." "If these restraints were relaxed," added Joseph Pechman of the Brookings Institution, "I would have little doubt that the economy would grow faster and that this growth would be interrupted less frequently by periodic recession." Both Schultze and Pechman recommended more Government spending or ;a tax reduction-or both-as anti-recessionary measures...