Word: shifting
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Dates: during 1950-1959
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...climate was all but unbearable. At Hassi Messaoud the first oil drilling teams labored in 120° to 130° temperatures and through sandstorms, often came off an eight-hour shift near collapse. At Edjelé, welders putting together oil storage tanks learned that simply to touch the metal of the tanks meant a bad burn. The combination of Saharan sand and heat wears out mechanical equipment with startling rapidity; at Edjelé the average life of a Dodge truck engine is 7,500 miles...
...Clayton & Co. of Houston, replacing Harmon Whittington, who retired under pressure at 59. McAshan, an Anderson, Clayton regular since he left Princeton ('27), is described by Founder Will Clayton, his father-in-law, as having "the quickest mind and greatest curiosity of anyone I've encountered." The shift marks a return to power of courtly, fiercely competitive Will Clayton, 79, onetime U.S. Assistant Secretary of State, who retired as chairman of Anderson, Clayton in 1950-only to see sales start to move down. They skidded from $1,068,000,000 in 1951 to $792 million in fiscal...
...Treasury has repeatedly proclaimed that the outflow of gold from the U.S. gives no cause for alarm. Last week there were signs of a shift in this attitude by the Administration, and with it a possible shift in U.S. foreign economic-aid policy. The change was prompted by the fact that the U.S. loss of gold from Jan. 1 to July 24 was $898 million; the U.S. foreign-payments deficit this year will run $4.9 billion. Much of the deficit comes from the $5.5 billion the U.S. will spend this year in foreign aid, loans and military help...
...because the U.S. did not push it with vigor. Now the U.S. expects to plump hard for Ida at the World Bank's September meeting in Washington, set it up with initial capital of $1 billion (one-third contributed by the U.S.) by late 1960, gradually make it shift more and more of the aid burden from individual nations...
With families enjoying the highest incomes in history, the University of Michigan Survey Research Center, which keeps a reliable temperature chart of consumer attitudes, spied a shift in the public mood. In the center's latest survey, out this week, the number of consumers who think the time is ripe to buy a house or used car showed a sharp upswing, and moderate upswings showed up among those who believe it is a good time to buy major household appliances and new cars, undertake large home improvements. The survey pointed out that some part of the public must...