Word: rea
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...trucks have been rolling toward a dead end. Jointly owned by 58 railroads, the sprawling company has been plagued by inefficiency and red tape. The main reason: its ties to railroads impose on it the same night marish maze of regulations that the Interstate Commerce Commission ap plies to REA's parents. Without special ICC permission, REA cannot haul goods from city to city by truck; instead it must put the goods on a train - no mat ter how bad the connection - and ar range pickup and delivery at the other end. Last week its railroad owners at last...
Died. Gardner Rea, 74, cartoonist and contributor to The New Yorker since its founding in 1925, esteemed both for his squiggly line drawings ("Nobody will catch on when I get senile," he once said) and for his sharp gag lines, which often formed the bases of cartoons by his colleagues Charles Addams and Helen Hokinson; of a heart attack; in Brookhaven...
...happy hyperbole was perhaps a bit overheated, but he did have rea son for enthusiasm as South Viet Nam's election results flowed in last week...
After five years and four months of exuberant expansion that has brought the U.S. close to inflation, the economy is showing signs of cooling off. The pace of business is still accelerating, but the rate is slower for three main rea sons: tight money, shrinkage in the federal deficit and a recent dip in consumer spending in some fields...
...managers complain that switches are wearing out. Yet when President Cunningham in 1961 urged that the chain fight discounters by opening its own discount "K-Marts," at a cost of $80 million, S. S. gave his approval without blinking a blue eye. The success of those stores is one rea son why the company's profits last year rose from $17 million to $22 million despite prodigious start-up expenses. It is growing faster than either Woolworth or third-ranking W. T. Grant, expects to increase its sales this year to $1 billion-or ten billion dimes...