Word: nationalizing
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Dates: during 1950-1959
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...suggestions for a training institute in conjunction with the Newton High School summer program, and funds allowing the School of Education to open up "about a dozen new opportunities" for first year training of counselors. The counselors will help administer aptitude tests to Junior High School students throughout the nation...
...Trans World Airlines' big Kansas City overhaul center and its other bases around the U.S. last week, 7,000 members of the International Association of Machinists marched out on strike. No planes would be serviced, none overhauled. The nation's fourth biggest line had no choice but to shut down. T.W.A.'s 196 daily flights, carrying 12,000 passengers across the U.S. and to 23 foreign cities, flew on to their destinations. Then the big Super Connies and twin-engined Martins were grounded, and the line locked up shop...
...something to offer each other, and two (the B & O and the Lackawanna) own sizable chunks of other lines in the proposed merger (the Reading and the New York, Chicago & St. Louis). A merger of the seven roads would be bigger than either the Central or the Pennsy, the nation's largest road, and nearly as big as the proposed merger of the two. The seven roads together would have 19,050 miles of main track in ten states (including many duplicated facilities), compared with 12,800 miles owned by the Central and Pennsy, and total assets...
Collins, Renwick and Stanley pioneered commercial TV in Britain in the day when the nation was generally against commercial TV on principle. Led by Collins, who walked out of a $10,400-a-year job as a BBC-TV program director, because his bosses were too stuffy, the three managed to push through the Television Act that established commercial TV, set up four TV studios to broadcast...
After years of trial-and-error taxation, the nation's 1,272 life insurance companies moved a step closer toward accepting a permanent formula for totting up-and increasing-their federal tax bill. The companies (in which 109 million Americans have policies with a face value exceeding $458 billion) last year paid $292 million, based on a stopgap law that levied the regular 52% corporate income tax on up to 15% of their net investment income. Industry executives who jammed the committee room for hearings last week heard Rep. Wilbur D. Mills (D. Ark.), chairman of the House Ways...