Word: braked
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...race settled down into a contest of durability on a track foul with exhaust fumes and simmering with bakeoven heat. For all their high-flown names (Springfield Welding Special, Cop-Sil-Loy Brake Special, Grancor-Elgin Piston Pin Special), all but one of the low-slung racers were powered by four-cylinder Meyer-Drake engines...
When Edward O. Boshell, 51, became president of Westinghouse Air Brake two years ago, he found the till full of cash. There was more than $25 million in "excess working capital" on which the company was earning virtually nothing. Boshell decided to spend it to "expand and diversify the company's business as quickly as possible." In short order, he bought: ¶Virginia's Melpar,Inc. (industrial research...
...Shame on TIME'S proofreader . . . MILDRED B. MUNDAY Lewisburg, Pa. ¶TIME's copyreader pleads guilty to a bad brake...
...Good Race. The company was founded in 1886 by George Westinghouse, who invented the railroad air brake, proved the usefulness of alternating current, was first to introduce the Saturday half-holiday to U.S. Industry, and ran the company until it failed in the panic of 1907. After a succession of bosses, in 1929, Robertson took command. He nursed it through depression quivers and launched it into vigorous World War II growth...
...year high in December, the Federal Reserve Board last week approved the tightening up of bank credit. Eight of the twelve FRB banks immediately boosted from 1¾ to 2% the interest rate at which member banks may borrow money from them. By thus putting a light brake on borrowing, the FRB sought to tighten the money supply, thereby help prevent any further inflation. Bankers were surprised not at the boost but at its timing. Most expected an increase last fall, when borrowing began to pick up, instead of last week, when it was just beginning to taper off seasonally...