Word: auto
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Dates: during 1950-1959
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...week were down 1% in the Chicago area, down 6% in Pittsburgh. But it will still be some time before sales are badly hurt. One of the most notable things of 1956 so far is the way Detroit merchants keep on selling in the face of heavy auto layoffs totaling 280,000 Michigan workers. While sales usually dip with the employment curves, FRB reports overall retail business in the Detroit-Cleveland area was up 5% for the year...
...people seemed to feel let out of school. Never before had the nation been so prosperous; never before had wages been so high and jobs so plentiful. The sense of security was strong (see BUSINESS). Even at the inevitable soft spots there was an easy air. In Detroit, where auto industry employment is down, the A.A.A. travel bureau's Mrs. John Dalzell reported: "We've had a number of workers come in to book trips who say they think they'd better get their vacation while they're off, because they might be called back...
McDonald has small regard for the auto workers' Walter Reuther, once described him privately as "that redheaded, socialistic s.o.b." But he has become a good friend and admirer of George Meany, president of the A.F.L.-C.I.O. He has no designs on Meany's job, wants only to run his own union according to his own ideas. Even his critics agree that in the years ahead he will run it substantially as 1,200,000 Steelworkers want it run. And probably, in these changing times, better than it has ever been run before...
...David Abbott) Jenkins holds more auto distance-speed records than any other living man, possibly because he has been at it for 35 years. At 73, he holds the record for 1,000 miles (at 172.8 m.p.h.) ; 3,000 miles (at 165 m.p.h.); for 24 hours (at 161.84 m.p.h.), among others. Last week old Ab Jenkins climbed behind the wheel again in a Class C stock car 24-hour endurance trial at Utah's famed Bonneville Salt Flats...
...embargo list. All aviation equipment is on the NATO embargo list, including General Twining's DC-6." From what he had seen of Red equipment, added Lear, the Russians could probably use some of his flight aids. On their prize Tu-104 jet transport, for example, the auto pilot was "right out of our old B17. You can buy one in any junk market for six dollars." But, said Lear, he was not planning to sell "a single bolt or screw" to the Russians...