Word: prewar
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...prewar college campuses, most boxing coaches seemed determined to turn fistfighting into a proper form of fun and games. They taught all their young gentlemen to spar like featherweights. Such old-timers as Navy's Spike Webb (TIME, Aug. 2), Princeton's Spider Kelly and Yale's Mosey King turned even their heavyweights into Fancy Dans. It was all very civilized-and just a little too light-foot to please the crowds...
With new U.S. machinery the Japanese textile industry has cut costs 20% below prewar levels, and such processes as Cluett, Peabody's "Sanforizing" have opened up new export markets from Australia to Canada-to the consternation of U.S. textilemen. Japan's petroleum industry, which in 1949 had to import 92% of its finished petroleum products, last year was able to produce 90% of the products at home, due largely to some $71 million invested by Caltex, Standard-Vacuum, Union Oil and Tide Water. By agreements signed with Armco International Corp., Japanese steelmen have been able to cut costs...
...down payment and five years to pay. Both banks and big finance companies such as General Motors Acceptance Corp. and C.I.T. have extended their terms from 24 to 30 months, and in some cases even to 36 months. So far, repossessions have stayed close to the low, prewar level, but few thoughtful businessmen like the overlong new terms...
...Optional, at extra cost, in 1955 Lincolns and Mercurys, old hat in the Rolls-Royce (since 1978) and such other class cars as Mercedes-Benz, Daimler, prewar Packard...
...shop in Europe's largest, most modern hangar, in Hamburg, hired 700 employees, including a covey of trim stewardesses. Its bosses, moreover, are no novices in the harshly competitive airline business, but old hands. Hans M. Bongers, Lufthansa's chief, ran the line's prewar business department; Technical Director Gerhard Höltje is another veteran...