Word: laids
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Dates: during 1950-1959
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...hear, Dwight Eisenhower let fire last week with the toughest language he has aimed at Capitol Hill during his 5½ years in the presidency. Target of the salvo: the defense reorganization bill unanimously reported out by "Uncle Carl" Vinson's House Armed Services Committee. When he first laid eyes on the committee's draft in mid-May, the President dubbed it "progress." But close analysis showed that three Vinson & Co. provisions sliced deep into the substance of the Administration's painstakingly thought-out proposal (TIME, April 14). Ike did a slow burn, then burst out with...
...Navy launched Skipjack, the U.S.'s fifth nuclear submarine, a $60 million model with a special shark shape designed for high-speed underwater maneuverability. Abuilding on the ways was Triton, a giant-sized double-reactor, radar-picket submarine, biggest submarine ever built. Beyond that the Navy last week laid the keel of its third nuclear submarine designed specifically for mating in 1959-60 to the much-talked-about Polaris solid-charge missile (TIME, March...
...right places need not damage overall efficiency. Dallas' Dresser Industries, for example, discovered that it could do just as good a job in its oil well supply business with 5% less clerical help. Los Angeles' Garrett Corp. shows no loss of efficiency even though it laid off 1,200 of its 11,000-man work force, has also lopped a full 10% to 20% from executive salaries and cut out many a frill. "A lot of the boys don't like riding air coach," says Executive Vice President K. B. Wolfe (a retired Air Force lieut. general...
...chief executive, Cedric O. Turner, 51 (see cut), a onetime accountant who likes to "get to the facts and cut out the waffle." Taking over in 1951. he set out to model his line after U.S. carriers, expanded Qantas service west to London, north to Hong Kong and Japan, laid new routes east to Hawaii...
...bought the newest U.S. equipment and made it pay off with efficient, low-cost operation. To win passengers, Qantas specialized in light, bright ads, once kicked off a plane-naming contest with "Be the first one in your block to win a kangaroo." To keep its customers, it laid on goodies (including exotic fruits, Sydney rock oysters, giant Australian prawns). And to make them pay off, it kept costs firmly tied to the runway. One big advantage is relatively low pay scales ($7,000 for a Connie captain v. $21,000 in the U.S.). Another is crack maintenance that cuts...