Word: freighting
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Dates: during 1940-1949
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...crash was the fourth in two years on the profitable steerage-class run, shuttling Puerto Ricans between the home island and the back streets of New York City. Most of the traffic, on unscheduled flights, is handled by ex-service pilots with war-surplus planes-like the Strato Freight Co., which operated the Commando in last week's crash. It hauls the islanders for $60 one way, flies whenever it has a load. It had operated strictly within the letter of the law. Refurbished and approved in April by the Civil Aeronautics Authority, the Commando was actually flying...
...Niemeyer, had joined in deciding what the U.N. headquarters, on Manhattan's East Side, should look like. When their tentative plan was first announced (TIME, June 2, 1947), it raised a storm of protest. Howled one architect: "It looks like a sandwich on edge and a couple of freight cars...
...Mahoney's method of setting things straight was quite senatorial. He introduced a bill. The bill would permit manufacturers to absorb freight charges and quote delivered prices, provided they were "acting independently," i.e., without collusion. The Senate, which has been trying to draft a bill for months to end the confusion, gave a sigh of relief at these plain words. It quickly passed the bill...
Businessmen were pleased-and surprised-that Joe O'Mahoney, an old trustbuster and friend of the Federal Trade Commission, wanted to permit freight absorption, a mainstay of the basing point system. But O'Mahoney said that the bill would only put into law what FTC has been saying ever since the Supreme Court decision, namely, that any manufacturer could absorb freight charges to meet a competitor's prices at distant points so long as there was no conspiracy to fix prices. What FTC had objected to was collusive freight absorption. Much of the confusion, he thought...
...proposed legislation, said O'Mahoney, would provide no "loophole fof monopolistic practices." But it would require FTC to provide clear proof whenever it suspected that freight absorption had lessened competition. (At present the FTC can cite businessmen for conspiracy and then put the burden of proof on them to show that the absorption of freight charges has not hurt competition...