Word: shakedowns
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Dates: during 1950-1959
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...other line's. It carries 8,000,000 passengers per year, one in every six Americans who fly in the U.S., and almost twice as many revenue passengers as all overseas U.S. airlines combined. Already its Boeing 707 jetliners are whooshing back and forth across the U.S. on shakedown flights as regular as scheduled trips, cutting cross-continent flight time by more than three hours: 5½ hours from New York to Los Angeles, 4½ hours to return. On most of its major routes, American will start jet service months ahead of its competitors...
...contract with its underwriters, Sears said it wanted to take a careful look at conditions in the bond market. What particularly alarmed Sears and other prospective corporate-bond issuers was the situation in U.S. bonds. After a year-long rise, Government bonds were going through the fastest, worst shakedown in postwar history, causing dealers to employ such expressions as ''chaos," "rout" and "panic...
...Naval Operations. He put in for sea duty soonest, was cited by the Navy Secretary for "aggressive fighting spirit" while commanding Destroyer Squadron Ten in the North Africa landings. He got the Legion of Merit for a brilliant training job commanding the Atlantic Fleet's Bermuda-based shakedown group for new destroyers and destroyer escorts. In late 1944 he pleaded against Navy Secretary Jim Forrestal's ruling that he must stay in the training command-"where you are hitting your peak"-finally got command of the new 45,000-ton battleship Iowa in Admiral William F. Halsey...
...hearing room in Washington reeked with the ugly smell of shakedown, of labor hoodlums sweating behind the Fifth Amendment, of sordid fear, as testimony on the Chicago restaurant protection racket went into its second week. To the members of the Senate's labor-management investigating committee, it was quite clear that they had caught the scent of one of the dirtier trails in labor history...
...last 17 months, 40 Chicago restaurants have been burned under mysterious and unexplained circumstances, doubtless because the restaurateurs resisted, for a while, the mob-run labor shakedown...