Word: auto
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Dates: during 1950-1959
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...this day of escalator clauses, the report of such a rise starts another rise on its way. A million workers, most of them in the auto industry, are entitled to pay increases on the strength of BLS's report last week. Another million non-operating railroad workers became eligible for a 6?-an-hour pay boost even though more than a 2? increase would put them over the legal wage ceiling. Their contracts, negotiated since the wage freeze, did not have the government's O.K. and presumably ran counter to other segments of Economic Stabilizer Eric Johnston...
...illiterate backlands of the small (574 sq. mi.) state of Delhi this winter, UNESCO and the Indian government have been working on a pilot education plan designed to bring literacy and modern farming methods to India's unlettered masses. Auto trailers, loaded with exhibits, stop in every village for a three-day show. The villagers get simple demonstrations of modern methods of poultry-breeding, cattle-raising and plowing. Moreover, though the trailer crews move on, they leave behind in each village a stack of books and a temporary squad of teachers. Aim: nothing less than 100% literacy among Delhi...
...quip pointed up the fact that after eight months of war in Korea, the civilian shortages predicted by Washington's hair-shirt cult had not materialized. The booming auto industry, which three months ago dropped thousands of workers because of a materials pinch, had now rehired most of them. Last week the automakers turned out 168,000 units, 40% above the 1950 period when Chrysler was closed by a strike. Building was nearly 25% above the February 1950 figure. And in January business inventories jumped $2 billion to $63 billion despite peak retail sales...
Four months later he persuaded a bank to lend him $10,000 to go into the auto sales business himself. In a short time he hit on the idea of buying new cars at reduced prices at the end of the year just when the models were about to change, and selling them well under list prices. Before long his salesmen and brash advertisements were covering the Midwest...
...Ohio's biggest auto dealer, with a large stock interest in Willys-Overland...