Word: steele
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Dates: during 1960-1960
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...coal. Much of this capacity was destroyed during the Korean war, but the Reds say that by 1956 it was already back to prewar levels, and that since then output has doubled and even trebled. They claim that last year the North produced ten times as much steel as South Korea, five times more cement, just as much grain. Unfortunately, South Korea, badly led in the last days of Syngman Rhee and hardly led at all now, is suffering from economic confusion. It has received $2.5 billion in American aid and is urgently asking for more, yet has announced...
...happier method. Capable of correcting spinal curvature in people up to the age of 40, Dr. Harrington's technique frees patients from the confines of a cast, permits them to lead normal lives during treatment. Key to Harrington's method is a slender, stainless-steel rod that resembles a soda straw and serves somewhat like a splint. In a complicated, two-hour operation, the curved spine is straightened, then bound into place with one to three rods, which are fastened to the spine with metal hooks. The rods are readily accepted by the body, says Dr. Harrington...
...single statistic has cast more gloom over-or caused more talk about-the state of the economy than the weekly operating rate of the steel industry. When the rate, expressed as a percentage of the total capacity of the industry, started to drop last winter, it stirred the first major doubts about the course of business; its failure to rise has amplified recession fears. Last week the rate was scheduled at 51.7% of capacity, the lowest level for a nonholiday week...
...weekly percentage-of-capacity figure the best measure of the condition of steel? Many steelmen and economists do not think so. Said A. S. Glossbrenner, President of Youngstown Sheet & Tube Co.: "The use of capacity figures has hurt the economy of the whole country, as well as that of the steel industry. Some other form of measurement should be substituted." Percentage of capacity does not reflect the fact that capacity has constantly risen for the past 12 years. Thus, this year's operating rates, since they are figured on a higher capacity base (which is adjusted every...
...reach its expected output of just over 100 million tons in 1960, the steel industry will have to operate at about 70% capacity for the year. Yet the industry operated at 100.9% of capacity in the Korean wartime year of 1951 to produce only a shade more-105.2 million tons...