Word: low-cost
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...owns' a chain of dollar-a-night hotels on New York's Bowery (where artists have traditionally hobnobbed with derelicts) began renovating one of them, the Alabama, into studio housing, eventually may follow suit with others. And in Brooklyn Heights, the city has decided to include a low-cost studio cooperative for artists in its urban-renewal plans...
Altogether 115 Italian companies make appliances, but the bulk comes from six-Ignis, Zanussi, Zoppas, In-desit, Candy and Castor. Using newer, more automated plants than their competitors, the Italians ignore Europe's traditional luxury market to concentrate on a high volume of low-cost models for prospering workers. They cut heavily into the German washing-machine market by offering $250 washers v. the $375 lowest price for German machines. When the Germans stripped down their luxury models and reduced prices to match, the Italians cut their price...
Died. Dr. Charles Armstrong, 80, an Ohio-born research physician for the National Institute of Health who, in 1939, cultured a strain of human polio virus that could paralyze mice, thus giving scientists a low-cost laboratory animal, a breakthrough that inaugurated 16 years of intense research, climaxing in development of the Salk vaccine; of uremia; in Chevy Chase...
...pleased to see TIME report [June 2] that European railroads are not surrendering passenger service to airline competition. Rail passengers in Europe get low-cost, high-comfort travel on luxury trains at fast schedules. The same combination would quickly whittle down the inflated $400 million passenger-train losses claimed by U.S. railroads, and save the U.S. passenger train from extinction...
...Massachusetts' model fair housing laws and the statutes forbidding discriminatory employment practices should be fully enforced. The city should also consider the construction of new low-cost housing; no such public housing, except for the elderly, has been built in over a decade despite massive urban renewal...