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High labor and construction costs, which in the past have taken business away from U.S. yards in favor of low-cost foreign builders, have kept the worldwide boom from reaching the U.S. sooner. But now that foreign shipyards have reached their capacity, the shippers have nowhere else to go. Two years ago, not a single U.S. shipyard had a new ship-construction contract; today 58 tankers and cargo ships are being built and 23 more are on order. The New York Shipbuilding Corp. has $70 million worth of 1956 orders for tankers. Newport News has a quarter-billion-dollar backlog...

Author: /time Magazine | Title: SHIPPING: The Boom from Abroad | 12/10/1956 | See Source »

...student representative said the students objected to the "low-cost, starchy meals," which had been served since September. A dining hall official maintained, however, that he had received no previous complaints...

Author: NO WRITER ATTRIBUTED | Title: Michigan Food Riot | 12/4/1956 | See Source »

...Low-cost air and sea transportation to Europe, and tours once there, will be the subject of discussion tonight in the Lowell House Junior Common Room beginning at 7:30. Andre Bonard, chairman of National Student Association Travel, will speak. Radcliffe students are invited...

Author: NO WRITER ATTRIBUTED | Title: European Travel | 11/28/1956 | See Source »

...enlarging the social programs inherited from the New and Fair Deals, the Eisenhower Ad ministration helped set a course for the new conservative. Instead of returning to a dog-eat-dog economy. Administration trustbusters have vigilantly policed big business. The Administration has expanded social security, federal aid to hospitals, low-cost housing subsidies and other programs that were once anathema to the standpat conservative. The most significant contribution of Eisenhower Republicanism, argues Hart Schaffner & Marx President Meyer Kestnbaum, onetime C.E.D. chairman and Eisenhower adviser, is that it has encouraged businessmen to "face social problems rather than ignore them, to seek...

Author: /time Magazine | Title: Business: THE NEW CONSERVATISM | 11/26/1956 | See Source »

...omnipresent state handles most of the nation's banking and insurance, monopolizes coal imports, operates the railroads, the power plants, the telephone system, a huge slaughterhouse, liquor distilleries, oil refineries, fisheries, cement plants, a repertory theater, an ambulance service and a string of low-cost restaurants. This statist structure is costly in both obvious and insidious ways. Uruguay suffers from Latin America's severest case of bureaucratic bloat, with 150,000 civil servants out of a labor force of 1,000,000. Government deficits pile up year after year. And under the state's blanket benevolence, incentive...

Author: /time Magazine | Title: URUGUAY: Problems in Paradise | 11/5/1956 | See Source »

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