Word: low-cost
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...products, insurance, a paint factory, a giant finance company. As he prospered. Mendoza took care of his own: as early as 1933 his workers were collecting on incentive plans and sharing company profits. Many employees now share annual profits equal to eleven months' salary. He has financed 700 low-cost workers' houses, built a marina for his Pertigalete cement-plant employees...
High-Speed Film. A still-camera film 15 times faster than its present film was put on sale by the Polaroid Corp. for use with Polaroid Land cameras, which take, develop and print photos in 60 seconds. With a low-cost ($17.95) "wink light" that fills in background shadows and replaces flashbulbs, the new film takes pictures in table-lamp light. Cost: $1.79 per eight-exposure roll...
Nuclear reactors can be made in many ways. Some look good on paper but turn out to be impractical in actual use. In its effort to develop low-cost nuclear power, the Atomic Energy Commission has long experimented at such places as Brookhaven National Laboratory on Long Island, with new liquid reactor fuels-a low-melting alloy of U-233 and bismuth, a solution of uranyl sulfate, and others. But AEC soon discovered that the program was leading only to prohibitively expensive means of obtaining competitive electrical energy, and last week it announced a shift in emphasis: funds...
...Steel Corp.'s Board Chairman Roger M. Blough, was bent on halting steel's relentles's postwar trend: ever higher wages, ever higher prices-both up about 150% since 1945. With U.S.-made steel all but priced out of foreign markets and losing domestic markets to low-cost foreign steel (TIME. July 20), the steel industry finally decided to hold out against a wage boost unless the union conceded management more freedom to trim costs by cutting down on "featherbedding and loafing...
...before the war, but is worse off in relation to those below." Workers own TV sets, cars and motor scooters, often go abroad for their holidays. Free education enables their children to aspire to be physicians, naval officers, scientists. "Working class" has become a pejorative phrase. In the new low-cost housing development at East Grinstead, authorities recently refused to distribute a police leaflet giving advice on protecting homes from burglars until the phrase "working-class families" was eliminated. Laborers no longer doff their hats to squires or mumble that the good things of life "are not for the likes...