Word: production
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Dates: during 1950-1959
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Invited Guests. Both assessments were the product of the big new role that the U.S. has quietly begun to play in the hitherto chaotic affairs of Haiti. President François Duvalier invited the U.S. in. Caught between two strong-arm neighbors -Cuba's Fidel Castro and the Dominican Republic's Rafael Truiillo-Duvalier talked enviously of "Jamaica and Puerto Rico, whose political destinies are stabilized by larger countries." The President frankly described his own bureaucracy as "incompetent...
Despite settlements by Kaiser Steel Corp. and two other small steelmakers, the steel strike is biting deep into the U.S. economy. Steelworkers have lost $1.1 billion in wages; steel companies, $3.3 billion in sales; the Government, $710 million in taxes; the nation, 30.9 million tons of steel production. The Commerce Department estimated that the rate of the gross national product dropped $3.5 billion in the third quarter. An index of the eight key economic barometers fell farther in the first three months of the strike than during the first three months of the 1957 recession. The U.S. faced widespread shutdowns...
Credited with Westinghouse's climb back to high profits is onetime Management Consultant Mark W. Cresap Jr., 49, who took over as president in 1958, became chief executive officer last April. Under Cresap, Westinghouse has cut costs, improved low-profit product lines and reduced expenses...
Professor Kenneth B. Murdock, chairman of the Committee, feels that the Redbook was a product of the intellectual climate of the end of the war, and that the educational demands of society have changed so much that it is no longer applicable. Further, he points out, the idea of single courses to be taken by every undergraduate is completely opposed to Harvard's strong elective tradition...
...from his writing. He consolidated the family properties, made good cloth, built the Springs Cotton Mills into the nation's third biggest textile maker. He made his mills represent the ultimate in good employee relations (swimming pools for the 13,000 workers, a beach resort, free junkets), his product the most racily advertised in the staid textile world. His most famed ad, captioned by himself and duly noted by the U.S. Post Office: a smiling Indian squaw rocking a tired brave in a bedsheet hammock, with the legend, "A buck well spent on a Springmaid sheet...