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...Navy's Chance Vought XFSU-1 tighter, Marquardt Aircraft Co. has developed a new gadget to take care of this sticky situation. It is a "ram-air power unit," weighing less than 50 lbs., that can be popped into the air stream if the engine stops. Air blowing through it spins a turbine at 6,000 r.p.m., and the power developed (25 h.p.) provides electrical current for the airplane's radio. It also keeps pressure in the hydraulic system that works the controls and landing gear. With the little turbine spinning outside the fuselage the pilot can call...

Author: /time Magazine | Title: Science: Pilot's Helper | 10/10/1955 | See Source »

Gerard charged that can-industry bosses were trying to "ram down our throats" a G.A.W. provision which they consider "insurance that they're never going to have to pay out." Instead, said Gerard, the union wants more in pay, holidays and vacations, or a plan under which the employee or his estate would get all that was left in his specific G.A.W. fund when he was fired, quit, retired or died. At week's end, negotiations between the company and union were stalled because the company was pushing for G.A.W. and the union was steadfastly refusing to accept...

Author: /time Magazine | Title: LABOR: Guaranteed Annual Mirage | 10/3/1955 | See Source »

...late1800s and bore connotations of watered stock, rigged markets, stolen company assets. Today, some businessmen use the phrase to describe shrewd investors who snap up an undervalued company with the idea of liquidating it for a quick profit; others apply it to investors who take over such firms and ram through drastic changes to improve the properties and turn in bigger profits. The phrase has been applied to Robert R. Young, Louis Wolfson and Patrick McGinnis-to anyone, in fact, who starts a proxy fight, whether for good or ill, successful or unsuccessful, or who takes over a company...

Author: /time Magazine | Title: Business: Challenge to Management | 7/25/1955 | See Source »

Paso de la Muerte. In Ciudad Juarez, Mexico. Pickpocket Adolfo Ramírez proudly told police he wished he could patent his new pilfering technique of spreading a sample of cloth over his right arm while posing as a piece-goods salesman, then distracting his victims' attention with left-handed gestures while his right hand explored their pockets...

Author: /time Magazine | Title: MISCELLANY: Miscellany, Jul. 11, 1955 | 7/11/1955 | See Source »

...Catholics gathered in front of the cathedral on the Plaza de Mayo, then paraded through the downtown streets. The government labeled the marchers "vandals," accused them of burning an Argentine flag. At midweek, Perón ordered two high-ranking Argentine prelates - Bishop Manuel Tato and Monsignor Ramón Pablo Novoa -expelled from the country on the ground that they had incited the flag-burners. The following day came the Vatican excommunication...

Author: /time Magazine | Title: ARGENTINA: Revolt of Noon | 6/27/1955 | See Source »

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