Word: railroads
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Dates: during 1950-1959
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...increase, which will affect consumers the most, started after Humble Oil failed to persuade the Texas Railroad Commission to raise state oil output to meet the big European demand brought on by the closing of the Suez Canal (TIME, Jan. 7). To get the oil it needed, said Humble, it had to raise its bidding price for crude by 12%. This put pressure on competitors, brought an immediate increase from Continental Oil, with the others expected to follow. By week's end oilmen figured that the increases would cost U.S. consumers an extra $1 billion for petroleum this year...
...bauxite and processed aluminum is slowly forcing East Germany's young aircraft industry to a halt. Hungary may have to lay off more than 200,000 workers in the next few months, and unemployment is a major problem in Bulgaria. The breakdown of Hungary's vitally located railroad system has prevented the normal flow of Rumanian oil to Poland, forcing the Poles to ration oil and gas. And poor harvests in Rumania, Poland, Hungary and Bulgaria have cruelly pinched already inadequate food production; East Germany, which had hoped to end food rationing in 1957, has dropped the idea...
...Hong Kong's Kai Tak airport the day before Christmas, a bundled-up Negro stepped off a night plane from Tokyo, drove to Kowloon railroad station and boarded a train for the 22-mile trip to Lo Wu on the China border. There, in defiance of the State Department's refusal to give U.S. newsmen passports to Red China (TIME, Sept. 3), William Worthy Jr., 36, special correspondent for Baltimore's Negro semiweekly Afro-American, crossed the border, became the first American reporter to enter China in seven years...
...Miami Beach, Fla. last week came the biggest horde of vacationers ever seen in a winter resort. The influx swamped the railroads; five extra Christmas-vacation trains put on by the Seaboard Air Line Railroad and the Atlantic Coast Line were still not enough, although three extra trains had been ample last year. Eastern Air Lines stepped up flights to 200 daily, with capacity for moving 13,800 sun seekers a day in and out of Miami, estimated an 18% traffic rise over last year...
Victory in Texas. In pursuit of this goal, the independents have loudly opposed any increase in U.S. oil production, maintained that the stocks above ground are ample to supply Europe. Last week the independents won an all-out victory before the Texas Railroad Commission, which sets quotas for the Texas fields (source of 45% of all U.S. oil). Despite the rising European demand, the Commission refused the pleas of big oil companies, which buy much of their oil from independents, to boost production. January output will be held to 16 producing days, an average of 3.4 million bbls. daily...