Word: motors
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...inaugural rocket, built for $1.2 million by a young self-taught engineer, blew up during a test of its liquid-fuel engine. Chastened, Hannah got serious. He hired an experienced California contractor who had built 22 rockets for the Government, got a solid-fuel Minuteman motor from the National Aeronautics and Space Ad ministration (cost: $365,000), and hired Slayton and seven other full-time employees to help...
Other experts, though, say that the paybacks represent a permanent deterioration in the power of unions. Says Malcolm Denise, a labor lawyer and former head of labor relations at Ford Motor Co.: "Unions are experiencing a long-term decline because of shifting employment patterns. I don't see them disappearing from the industries that they have dominated, though some of those industries may disappear." David Lewis, a professor of business history at the University of Michigan, supports that view. Says he: "The prognosis is not good. Blue-collar workers have moved to the suburbs and lost interest, and unions...
...economic times will bring them closer together. Particularly in Detroit, there is talk about labor cooperating with management to build better cars more cheaply. Workers now sit down in quality-control groups to discuss ways to improve production and pass along moneysaving tips to plant managers. Last month, Ford Motor Co. Chairman Philip Caldwell flew to Norfolk to tell 946 union workers that the reason their plant has remained open is that it builds better quality pickup trucks than other Ford plants...
...first strong suspicion in the West, and then to confirm, that this was really mobilization .. . The maneuvers had been notified to other powers ... Some smaller though still considerable maneuvers of the Southern Group of Soviet Forces in Hungary had not. It was from these that one airborne and two motor rifle divisions had moved into Yugoslavia...
...have come down even more sharply. The decline is also spreading to interest charges that are of concern to anyone hoping to buy a house or car. Government agencies last week lowered the interest charges on VA-or FHA-backed mortgages to 14%, and the financing subsidiary of Ford Motor Co. dropped the level of new car-purchase loans to an average of about 16%; all are down one point...