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Last year's world steel production of 370 million tons represented only an estimated 75% of total capacity. Yet capacity often rises much faster than demand, driven upward by the new nations' longing for steel mills of their own and the competitive need of industrialized nations to keep up to date. Japan's steel industry has grown at the remarkable rate of 18% a year for six years; Germany's has risen at a 7.2% rate, France's at 5.2%, Italy...
...cross it, he will not. He will stay in the past, bound there by affection, by habit, by sloth, by congenital dislike of tomorrow, by the siren lure of a torrid, torpid land that makes its children long "voluptuously for death." As the film ends he kneels and, yearning upward to the morning star, prays passionately for death: "O faithful star! When will you give me an appointment less ephemeral than this...
Noisy Mute. In July Brazilians were told that the cost of living had spiraled upward a dizzying 70% in a year. It now takes 850 cruzeiros to buy a dollar (up from 500 a year ago). Eight major unions threatened strikes unless they got raises ranging from 40% to 90%, and dairies vowed to turn off the milk if they were not allowed a 50% price increase. Most troublesome of all, the army wanted more money...
...Force Base, he found that he had busted it wide open. NASA's tentative estimate of the new record for winged aircraft: 350,000 ft. (almost 67 miles). Walker's speed was 3,818 m.p.h., close to six times that of sound, and as he blasted upward into the blackness, he trailed a small balloon designed to make air-density measurements. "Yup," cracked Joe, on his return, "must have got some lift from that balloon...
...time in ages, Argentines could talk politics-and smile about it. At last they had an election-and perhaps soon, a bona fide President: Dr. Arturo Umberto Illía, 62, a sometime physician and longtime politico with considerable government experience. On the Buenos Aires Stock Exchange, shares surged upward; the battered peso rallied four points (from 139 to 135 to the dollar), and throughout the country the sensation was one of deep relief and a return of confidence. Even the fractious military seemed content. "We kept our promise to hold elections," said a colonel as he headed...