Word: clips
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...clip Quesada's power, Sayen has persuaded California Democratic Senator Clair Engle and Mississippi Democratic Representative John Bell Williams to introduce identical bills in the Senate and House. They would give the Civil Aeronautics Board the right to review all the FAA rulings, in effect making the FAA as slow and cumbersome as the CAB. The bills also call for public hearings before the FAA can suspend a pilot's license. Cries Sayen: "The law which concentrates such power in one man that he can, by hastily conceived, dictatorial, unnecessary and arbitrary actions, provoke such chaos while attempting...
...exports last year reached a record $9,676,800,000 (v. $6,317,000,000 in 1950), Britain faces serious dollar difficulties. Last winter the government relaxed the last major restrictions against dollar imports, and since then, British merchants have been buying from the U.S. at a record clip. In the first quarter of 1960, U.S. sales to Great Britain are up 61%. But British sales to the U.S. are up only 14%. Great Britain has opened a drive to increase sales to the U.S. to avert a return to the unpopular import restrictions...
...Clip Joints. In Detroit, a sign in the window of the Varsity Barber Shop an nounced: "We repair $1. $1.35 and $1.50 haircuts here for $1.75.'' Cowed. In Buenos Aires. Aerotrans-portes del Litoral Argentine canceled all flights to Santiago del Estero. where farmers, despite repeated requests and two near crashes, continued to graze cows on the landing strip...
Combat Pay. In Albany. X.Y.. the court of appeals ruled that Messenger Boy James Johnson, who got banged in the eye with his own misaimed paper clip, was entitled to $228.64 workmen's compensation because such shenanigans are the common pursuits of unoccupied messenger boys...
...trim the costs of handling policies, Continental relies on a giant IBM 705 computer to do the figuring, pays only a $1.75 commission on new policies (v. an industry-wide average of 20-30% of the first year's premiums), depends chiefly on newspaper ad coupons that prospects clip out and send in. Continental lumps all applicants in a state together, in effect handles the individual policies as if they were members of a group plan, thus spreading the risk and reducing the premium cost by as much as two-thirds...