Word: brakes
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Dates: during 1950-1959
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While some people loudly cried for wage & price controls, the Senate-House watchdog defense committee last week lent itself to an all-out attempt to sabotage credit controls, the only existing brake the U.S. has had against inflation...
...Federal Reserve Board last week found that its credit curbs were beginning to check consumer buying, thus ease some of the pressure that set prices soaring. Nobody felt the brake more than U.S. automobile dealers. In a month, their stocks of cars on hand had risen from an average of eight per dealer to eleven, and many began knocking off some of their commissions in order to clear out 1950 stocks before the new models arrived. And where many carmakers had been privately talking higher prices for the new cars, Ford Motor Co., at least, decided against it. In bringing...
...becomes histrionics, entertainment." Yale and Harvard have succumbed to the "curse of bigness," he confesses, but they have done an admirable job of holding the line. "The House system and College system are particularly valuable in this resect. They provide valuable small college intimacy and serve as a brake on larger enrollments since both universities gauge admissions to fit their residential systems...
Last week the NACA told about a recoverable model that can be used over & over again. In its tail is a strongly made dive-brake which opens gradually as the model approaches the ground (see cut). When the speed has been reduced sufficiently, a parachute pops out and lowers the model to the earth. The model's instruments are self-recording. After the records have been taken out and the parachute repacked, the model can be sent aloft for another drop...
...Roly-poly Maurice Newlin Trainer, 61, first vice president of American Brake Shoe Co., was elected president to succeed William B. Given Jr., 62, who moves to the chairmanship. Trainer, a University of Pennsylvania graduate (electrical engineering) and onetime, streetcar motorman, joined Brake Shoe in 1916 as an inspector...