Word: scraps
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Dates: during 1950-1959
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...months New York State's new athletic commissioner, Julius Helfand, traded legal punches with boxing's racketeers in an effort to demonstrate just who is really boss of New York's professional prizefighting. Managers, seconds, promoters, nearly everyone he tackled, refused to stand up and scrap. They ducked questions, danced away from each accusation, remembered little more than their own names (TIME, June 6). They felt fairly sure they had finished those early rounds without taking much of a beating...
Marx is out ahead in other ways. His production lines are among the smoothest and most fully automatic in the business. Marx constantly analyzes machine layouts to cut wasteful operations. "When we find a machine that will do a 30-second job in 25," he says, "we'll scrap the old one, even if it's new." Marx was one of the first U.S. toymakers to switch to plastic. Though the first plastic toys broke too easily, he now makes most small toys of polyethylene, a durable material that can be turned out up to 64 times faster than metal...
...Steal. In Valcourt, Que., after he bought a 40-ft. bridge from the Canadian Pacific Railway for scrap steel and arrived with a crew to dismantle it, Marcel Guilbert was told by neighboring farmers that a group of men had carted it off piece by piece three years...
...turbine engines are still far too short for mass production. But the biggest reason is the economics of the auto in dustry. The industry has to progress by evolution rather than revolution, since astronomical tooling costs must be written off over a long period of years. Automakers cannot scrap their present piston-engine equipment overnight any more than they could immediately scrap their old transmission equipment when the new automatic shifts came...
...Turkish problem grows in great part out of a commendable urge, an almost feverish yearning, to become overnight a dynamic, industrial nation. For a nation forged only 32 years ago out of the scrap iron of the broken-down Ottoman Empire and the hot will of the late great Kemal Ataturk, for a people who for centuries left the complexities of commerce to their Greek and Armenian subjects, the Turks have made historic progress. In the five years since Premier Menderes left his Opposition bench in the Assembly to lead the Democrats to a stunning upset victory over the Republicans...