Word: craning
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Dates: during 1970-1979
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...compete successfully with the Postal Service in second- and third-class mail, despite those restrictions and despite the fact that the USPS charges less than cost on such mail, subsidizing it out of revenues from its biggest money-maker, first-class mail. In Congressional hearings in 1974, Congressman Philip Crane reported that the American Postal Corporation was delivering advertising to over half a million homes in the Los Angeles area every week, and that the Private Postal System of America was serving 150,000 homes in the Miami-Palm Beach area of Florida. These are just two of the several...
...share from $40. The management of Garlock Inc., a producer of leakage-control devices for pipes and machinery, last week withdrew a court suit against a tender offer by Colt Industries, which increased its bid to $35 a share from $32. In other tender offers now being contested, Crane Co. is seeking shares of Anaconda Co. and Babcock & Wilcox is seeking control of American Chain & Cable...
...government class at Harvard they told us that you have to have a government that governs," Crane says. But he adds there isn't one now, just minority representation...
...Crane is a realist and he sees Cambridge's biggest problem as the inability of either side to really "get that five," the magic number that would provide it with a council majority on all issues...
...Crane's role in the history books of Cambridge--he doesn't mind going down as a boss. "In school we were always told that a leader is an old-time boss with a college education," he says. "Anyway," he laughs, "my name was on the ballot every two years for 30 years and if they didn't want me they could have always gotten...