Word: auto
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Dates: during 1950-1959
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Flying Mattress. Britain's M. L. Aviation Co. showed off the first model of a new inflatable-wing, two-passenger aircraft which may be the sky-auto of the future. Named the "Flying Mattress," the new plane features a 40-ft. span delta wing, made of light fabric and easily inflated by compressed air machines or by a regular tire pump. When deflated, the wing is small enough to fit in a car's trunk compartment. Inflated, the wing sits on posts above a 10-ft. wooden fuselage, is held in place by struts. A pusher-propeller, powered...
MINE WORKERS have won the same basic $20 daily wage as workers in the booming steel and auto industries. The miners' John L. Lewis has negotiated a contract with the Bituminous Coal Operators Association, under which 120,000 northern miners (current wages: $18.25) will get their first pay boost in three years: $2 a day, with $1.20 of it going into effect this fall, the rest next April...
...many an auto buyer is getting in over his head, e.g., the $58-a-week Boston clerk who is struggling to pay $50 a month for a Buick Special. Says a Cleveland Chrysler dealer: "With production what it is, we've had to reach down into the lower quality credit to keep sales moving. Now we have to use credit as an inducement, and this gets us into deals nobody would take a chance on before...
...auto credit has not already broken through the ceiling, it has definitely begun to crack the plaster...
...write the new pact, both G.E. and the union had given ground. Though the I.U.E. at first insisted on a guaranteed annual wage like the one the auto workers got, the union quickly gave in when G.E. turned the idea down cold. In turn, the company agreed to a hefty $100 million package that would raise the average hourly pay for 100,000 I.U.E. workers by 34? over the next five years, give them what amounts to another 10? in fringe benefits...