Word: co
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Dates: during 1950-1959
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EMPLOYEE BANK ACCOUNTS is latest version of Guaranteed Annual Wage. State of Ohio has approved plan by Pittsburgh Plate Glass Co. to contribute between 3? and 5? per hour to individual bank accounts for each worker; money cannot be withdrawn unless worker is laid off. Ohio businessmen go along with plan, but unions so far have said nothing...
LONG-DISTANCE TRAINS will be all but extinct in two decades, says Donald J. Russell, president of Southern Pacific Co., second longest (12,435 miles operated in 1955) U.S. railroad. Reason, says Russell, who also predicts end of Pullman cars, is jet airliners, which will soon be capable of 1,000 m.p.h. speed...
While such a solution sounds reasonable, most arbitration experts flatly say that it makes little sense. Arbitration is an aid to collective bargaining, not a substitute for it. As Houston Transit Co. President Carl Frazier puts it: "You simply cannot, in effect, turn over the authority for managing the company to a third party who may not be nearly as familiar with the company's problems as you are." Once an agreement is signed, however, arbitration may come into its rightful role, interpreting the fine print, settling the petty grievances that might otherwise erupt into strikes...
...might sound overoptimistic. U.S. ricemen call the 2? per Ib. figure "unrealistic," strongly doubt that Chase can grow, mill and ship rice for anything like that price, also point out that there is no world rice shortage; many rice-exporting nations have actually had surpluses since 1954. Nevertheless, Chase & Co. are convinced that there is an enormous, untapped market for rice in such lands as India, Ceylon, Malaya, Borneo, Indonesia, Japan, even China. While there may be a technical surplus, shipping costs from many exporting nations are so high that millions of consumers all over Asia cannot afford...
...Train. Philadelphia's Budd Co. unveiled its answer to other lightweight trains. The new stainless-steel Budd passenger car, the Pioneer III, scales 52,300 Ibs., or 595 Ibs. for each of its 88 seats. In mass production the Pioneer will cost about $95,000-just above the trainman's dream of $1,000 per head, vastly lower than the conventional car figure of $3,800. Budd cut weight with simplified hollow-axle rail truck and wide use of plastics for seats, walls, baggage racks, ceilings, washroom appliances. The company estimates that Pioneer's maintenance costs will...