Word: brakes
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Dates: during 1950-1959
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...expected to speed over U.S. roads by 1972. With fewer curves, no crossroads and a wide center strip, the super system is expected to save 3,500 lives annually, reduce accident costs by $725 million, save commercial operators another $825 million by cutting delay, fuel waste, tire and brake wear. It will be designed for safe speeds of up to 70 m.p.h. (today's average highway speeds: passenger cars 51, trucks 46, buses 52). Motorists will be able to drive from Los Angeles to New York over the federal network without passing a single traffic light or intersection...
...five among equipment manufacturers. Philadelphia's Baldwin-Lima-Hamilton, longtime locomotive manufacturer, switched to road-building equipment, this year expects its construction sales to top $70 million. Dozens of companies manufacturing everything from spinning machines to television towers are starting to make road-building equipment. Westinghouse Air Brake Co. bought the earth-moving division of his company from Pioneer Bob LeTourneau, who agreed not to build earthmovers for a five-year period ending next May. Bob LeTourneau is itching to get back into the field, hints that he will produce some machines to open the industry's eyes...
JAPANESE IMPORT CRISIS is becoming so severe that foreign-exchange reserves will be exhausted in six months if importing continues at present pace. To brake imports, Bank of Japan hiked discount rate from 7.7% to 8.4%. Reacting to boost, Tokyo stock market suffered biggest drop since Korean war ended...
Finally fed up, Superintendent Moreland handed in his resignation. Said the Scripps-Howard Houston Press: "A black day for Houston ... In our opinion Dr. Moreland was just about the last brake that has kept the Houston school system from plunging into a mad whirlpool of uncontrolled extremism that has threatened it all these years. Dr. Moreland was a voice of sanity . . . We predict: after Moreland-the deluge...
...through 1953 productivity of benchworkers in manufacturing increased between 3% and 3.6% a year. In 1954 and 1955 the rate of increase rose to 4.5%. But in 1956 it dropped sharply to between 1% and 2.5%. Furthermore, these figures did not include nonproduction workers, who are usually a brake on the increase in productivity since it is impossible to mechanize many service jobs...