Magazine content is available exclusively for TIME subscribers.STATE OF BUSINESS: Pangs of Pessimism
"Let's call this an average year — but the best average year we've ever had." With this wry preface, Chairman Roger Blough last week announced that U.S. Steel sales of $1,187,554,615 for the first three months of 1960 had set a first-quarter record, disclosed that Big Steel's output (94.1% of capacity) had set a record for any quarter.
Blough's words were a pointed comment on the gloomy state of mind of many U.S. businessmen, though of course Steel's first quarter reflected pent-up buyer demands after 1959's nearly 17-week-long strike. But for many other companies, business had never been...
Email, Password or Region is incorrect
A required form parameter was missing.
The System is currently down. Please try again in a few minutes.
Email Address is invalid
Password is blank
Most Popular »
- Your Turn, Canada: A Second-By-Second Look at Jeremy Lin Lighting Up Toronto
- Iowa Welcomes Back China's Next President
- What's in Your Lipstick? FDA Finds Lead in 400 Shades
- Linsanity Heads East, Linfects China and Taiwan
- 50 Best iPhone Apps 2012
- Rick Santorum Wants to Fight 'The Dangers Of Contraception'
- Can Jeremy Lin End The MSG/Time Warner Cable War?
- Love Ever After: A Valentine’s Day Special
- After Whitney Houston, Musicians Say: I'm Afraid
- Why Obama's Re-Election Fortunes Are Suddenly Looking Up
- Iowa Welcomes Back China's Next President
- Harvard's Hoops Star Is Asian. Why's That a Problem?
- With Syria's Rebels: A Visit to a Bombmaker's Factory
- Study: Lead Poisoning Could Lurk in Spices
- Friends With Benefits
- Beirut: Where Valentine's Day Belongs to Another Kind of Saint
- The Upside Of Being An Introvert (And Why Extroverts Are Overrated)
- Europe's Deep Freeze: Why Climate Change Is Not (Entirely) to Blame
- Los Angeles: 10 Things to Do
- Children of the New India: How Economic Reforms Impacted Upon the Young
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
