Word: dieselization
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...simplest terms, the issue was one which many other industries must confront in seeking automation. What should become of the men displaced by machines? Because of the change from steam to diesel engines, management contends that firemen are no longer needed. By employing these and other unnecessary men the railroads lose $600 million annually. Beset with competition from barges, trucks, and pipelines, management believes that the railroads cannot sustain these costs and survive. The unions, in opposing plans to eliminate the alleged waste of manpower, voice their concern for the welfare of their members...
...bracing effect on Britain's exports, which are heading to a record $11.2 billion this year, 7% more than in 1962. Sales to the U.S. are up 9%, led by a profitable parade of Triumph sports cars (now second after Volkswagen among cars imported to the U.S.), Perkins diesel engines and aircraft parts. British businessmen have also been working the eastern side of the street, selling large amounts of steel to Red China and machinery to Russia. But the fastest rise in British exports is to the Common Market, which will buy 15% more from its rejected suitor than...
There was a dirt airstrip but no commercial service. Fishermen caught mackerel and bonito from dugout canoes; farmers marketed vegetables in the central plaza. A couple of temperamental diesel engines generated electricity to light the four-block bay-front promenade, and the townsfolk got along fine without a proper bridge across the Cuale River that split the town. Pedestrians took a swinging footbridge, and Vallarta's five taxis just sloshed across the shallow stream...
True, a few families have had a minimum amount of power. Buster Bray has kept the Dirty Shame alight with electricity generated by a diesel Caterpillar in a shed behind the saloon. But "the Monster," as he calls it, has been running night and day for three years. It costs $26 a day, and, when it coughs at night, it wakes up folks for miles around. Bray is waiting impatiently for the rural cooperative to string its power-line to his part of the valley...
When Fred J. Borch was named executive vice president of General Electric 15 months ago, the implication was as blaring as the horn on a G.E. diesel locomotive (TIME, Aug. 10, 1962). The post has existed only off and on in G.E.'s history, and is usually reactivated to accommodate an heir apparent. By picking Vice President Borch for it, the board cleared the way for the retirement of Ralph Cordiner, chairman and longtime chief executive. Cordiner has wanted to retire to his 1,800-acre West Florida cattle and citrus ranch, but postponed his departure long enough...