Word: cab
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Dates: during 1950-1959
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...Zakman approached one Sam Berger, then manager of an International Ladies Garment Workers Union local in New York, asked Berger to help him pick up a charter for a union. 'I had a family to support," said Zakman. "Here was a chance to organize a trade [i.e., cab drivers] that never had been organized in New York ... It would have been a good thing ... a nice living...
...Canadian Diplomat Herbert Norman, who killed himself in Cairo after a U.S. Senate subcommittee revealed that he once had Communist connections, inspired bitter diplomatic notes and an outburst of anti-U.S. editorials. Proud that their currency is robustly solid, Canadians are furious when some U.S. shopkeeper or cab driver turns down a Canadian dollar: "It's worth $1.05!" they protest in frustration...
Many of the experts responsible for advising CAB's five-man policy board argue that U.S. airlines are not so badly off as the operators claim, that the net operating income of previous years-a fat $224 million for 1955 and 1956-should carry the lines through any turbulence in 1957. Even this year, say the critics, U.S. domestic trunk lines will fly an estimated 41 million passengers, 10% more than the 1956 record, and enough to assure possibly a 20% return on investment v. the standard 8% return CAB considers "reasonable...
...airlines challenge CAB's staff at every point. The profits of past years, they argue, have gone largely for new and increasingly expensive fleets of DC-75 and Constellations. As for this year's earnings, the lines charge that CAB arrives at its 20% return on investment by "incorrect" and "dangerous" accounting procedures, which take no account of the multimillion-dollar down payments toward new jet transports slated for future delivery. By eliminating these deposits, the CAB staff reduces every airline's investment base to the point where the investment return looks more favorable, even though overall...
...sure how CAB will rule on the 6% fare hike. One possibility is that it might grant a temporary increase pending the outcome of the long-range General Passenger Fare Investigation, which it is now conducting independent of the 6% request. Whatever happens, most airlines consider a 6% boost only an emergency lift. For the long haul they argue that at least a 10% increase is necessary to preserve the air fleet which the nation's security and economic well-being demands. The alternatives, say the airmen, are two: either the weakest airlines will fold and the middling ones...