Word: higher
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
This idea, called revolving credit or check credit, was pioneered by Boston's First National Bank in 1955. Last week its Vice President Harold B. Hassinger told the Chicago meeting that profits from the plan not only run 50% higher than on personal loans, but that it has helped boost personal loan business 40% by popularizing credit. Said Hassinger: "Don't be surprised if this plan does ultimately displace most everything but the open charge account with the grocer and other retail outlets...
...watches and woolens. But the wind recently began to shift: the new chief at the office of Civil and Defense Mobilization, Leo Hoegh, tossed out a bid by English Electric Co. Ltd. to build two hydraulic-electric turbines for the Greers Ferry Dam in Arkansas, instead chose a 21% higher bid from Philadelphia's Baldwin-Lima-Hamilton Corp., thus giving some political help to Republican Congressman Hugh Scott (TIME, Feb. 2). Last week the coalmen demanded still tougher controls on imports of residual fuel oils, arguing "national defense." Lobbyists for cobalt, fluorspar, tungsten (which are already heavily stockpiled...
...case, and in a number of other indictments expected soon from grand juries sitting in Omaha, Chicago and other cities, is that labor unions are entitled to exemption from the Sherman Act under the Norris-La Guardia Anti-Injunction Act only so long as they confine themselves to negotiating higher wages, or other legitimate labor objectives. When they step over the line and begin to use labor union power to fix prices and allocate markets, then the Justice Department intends to wheel up the big guns of the Sherman...
Comeback for Tubes. To meet the growing competition of transistors, RCA demonstrated a vacuum tube only one fifteenth as large as general-purpose miniature tubes in mass production. RCA said the thimble-sized "Nuvistor" tube outperforms regular tubes and transistors in higher frequencies and at higher operating temperatures. When commercial production begins next year, prices will be "competitive" with regular tubes and transistors...
Smog-Reducing Gasoline. Tidewater Oil Co. put on sale in Los Angeles a new-formula gasoline which, it says, cuts the amount of smog-forming hydrocarbons released into the air from motor exhausts on new cars, gas pumps, etc. Price: same as other higher-grade gasolines...