Word: drains
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Dates: during 1960-1969
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...U.A.W. a favor for contract concessions the union made in 1961 when Chrysler was in trouble, said that it is time that Chrysler pioneered a labor contract - as both Ford and G.M. have done. Reuther also doubtless considered that a strike against Chrysler would be less of a drain on the U.A.W. strike fund, would have the best chance of early success, and would probably damage the economy least, thus creating the least public pressure on the union to desist. There could be a serious flaw in Reuther's thinking: Chrysler still accounts for only 14% of auto-industry...
...only turnabout made fair plays, the coming Broadway season would be a sizable cut above its predecessors. Reversing the East-West brain drain in a migration unprecedented since movies broke the sound barrier, Hollywood writers and composers have turned out so many plays and musicals this year that they threaten to outnumber old Broadway hands in the coming 1964-65 playbills...
...government makes the railroad bear. Although its long-haul passenger trains make money and lucrative freight accounts form 60% of its revenues, the Bundesbahn has to carry such privileged patrons as commuters, students, workers and war veterans at government-dictated cut rates (up to 96% off). An even greater drain is its welfare costs: 40% of salaries for pensions v. a German norm of 18% to 22%. Despite the Bundesbahn's $250 million-a-year government subsidy, Oeftering argues: "It's not the federal government that subsidizes the railways; it's the federal railways that subsidize...
...Plane Drain. That goes back to 1954, when BOAC's bid for competitive leadership in the jet age went down after a series of crashes of its much-touted Comet1 jetliner. With all the Comets grounded as unsafe until 1958, BOAC concentrated on Britannia turboprops, at the government's insistence buying only British planes. By the time the Britannias were flying the all-important North Atlantic run in 1958, competing airlines had already taken off in the bigger, faster, U.S.-made long-range pure jets. Eventually BOAC got permission to buy 20 Boeing 707s-but only...
...entire order-and the purchase instead of seven Boeing 707s. That, he said, would take care of BOAC'S needs through 1968. Aircraft producers let out a "Buy British" howl, and workers from British Aircraft Corp.'s Weybridge plant marched on Parliament carrying placards: FIRST THE BRAIN DRAIN NOW THE PLANE DRAIN. Aviation Minister Julian Amery said that Guthrie's proposal "would inflict extensive injury on the British aircraft industry...