Word: inlanders
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...Paulo - the first successful air shuttle in the world. Called an "air bridge," it provides nonreservation flights that take off every 20 minutes during rush hours, carrying more than 2,000 passengers a day. Air bridges also reach from Rio to Brasília and to the inland industrial city of Belo Horizonte. Last year the country's eight heavily subsidized commercial airlines carried 4,000,000 passengers nearly 2 billion passenger-miles; only U.S. and Canadian airlines in the free world cope with more domestic traffic in a year...
...bomb tests. Fish have come out of the water to live in trees, and birds have tunneled underground, never to fly again. Other birds have been trying for years to hatch eggs killed by the bomb, and sea turtles whose sense of direction has been destroyed by radiation crawl inland and die after laying their eggs. After a panorama shot of the birds and a turtle, people in the theatre wept audibly...
...There is a new spirit within business which bodes well for 1963 and into 1964," says Inland Steel Chairman Joseph L. Block, 60, whose family-founded company is the most profitable major producer in the nation's least profitable big industry. Michael W. McCarthy, 60, chairman of Merrill Lynch, Pierce, Fenner & Smith, seems pleased that "the economy has confounded a lot of experts"-and well he might be; his brokerage house, the nation's largest, has profited mightily by the stock market's 34% rise since last June. The only real concern that businessmen seem to have...
...capital spending will climb to a record $40 billion. The most prodigious spender of all. American Telephone & Telegraph, has increased its annual budget by $1 billion since 1959, this year will raise it to $3.1 billion -more than the gross national product of many nations. Joe Block's Inland Steel has increased its capital budgets from $42 million to $110 million...
...make industry more efficient and competitive. About 70% of the programmed spending will go for new or better equipment instead of bricks and mortar. In today's economy, modernization is more vital to industry than ever before, because competition is fiercer than ever both at home and abroad. Inland Steel's Block competes against U.S. Steel's Roger Blough, but both have to compete against Japanese and German steelmakers; all the free world's steelmakers, of course, compete against aluminum, concrete and other substitutes. Oil is competing against natural gas, plastics against glass...