Word: rebuilt
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...Some of the Americans' fractured Arabic was just as incomprehensible to their old-country friends. Michael Borane, 65, of Phoenix, Ariz., who had not been back to Beirut since he left at eight, doggedly set out to find his father's old house in the almost totally rebuilt Ras Beirut section, finally knocked at the right door, was greeted by a joyous cousin who reported later: "I couldn't speak, and I couldn't feel anything except the hairs rising on my arms...
...with the 19,100-ton Swedish hospital ship Gripsholm (cost: $2,500,000) to save the time and money of building a new ship, rechristened her Berlin. Bremen was made over in similar fashion two years ago from the French Pasteur, which had been launched in 1939. Lloyd rebuilt her completely at an overall cost of $25 million. Says Bertram: "The same ship would cost $44 million starting from scratch, and we wouldn't get delivery before 1963." Entering New York harbor last week, Bremen was saluted by the outbound Berlin, received the traditional harbor welcome given...
...mile Indianapolis auto race started taking its toll early. Defending Champion Jimmy Bryan quit after only two laps, when his Belond Special, hastily rebuilt after a disastrous engine freeze-up only one week before, developed clutch trouble. Mike Magill went to the hospital with neck injuries after hitting the Speedway wall on the 47th lap. Ray Crawford hit a wall on the 121st lap, suffered broken ribs. But through the pile-ups nothing bothered 38-year-old Veteran Rodger Ward of Los Angeles, a onetime fighter pilot who had never finished higher than eighth in eight previous "500" races...
Wages Up. In the boom's early years, profits went mainly into the pockets of owners and managers, or back into expansion. Labor docilely withheld wage demands while industry rebuilt, and heeded the argument that costs had to be kept low to compete in international markets. Now workers and salaried white collar people are sharing in the benefits of the economic "miracle." Since 1948, wages have more than doubled, but they still average only $27 per week. The traditional 48-hr, work week is gone: Germans work 45 hours, are heading toward 40. To supplement family incomes, wives often...
Lleras also rebuilt his nation's international fiscal rating, driven into shabby disrepute by Spendthrift Rojas. He choked off unneeded imports so decisively that Colombia was one of five Latin American nations to show a 1958 favorable balance of trade in spite of tumbling prices of coffee, source of more than 80% of Colombia's export income. Lleras cut the $500 million commercial debt left by Rojas to $150 million. He also held down government spending and tightened credit. Cost of living, which jumped 23% in 1957, climbed only...