Word: telegraphs
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...strike of 200,000 members of the Communications Workers of America against 20 Bell System companies caused only minor breakdowns in American Telephone & Telegraph's highly automated transcontinental telephone system. Everything continued to work so smoothly that the C.W.A. negotiator, calling from New York City's St. Moritz Hotel late one night last week, could dial through quickly to C.W.A. President Joseph A. Beirne in his Washington office. "We've got it here!" the negotiator reported proudly to Beirne. On his telephone for more long-distance calls, Beirne was able without delay to alert 19 other strike...
...invulnerable to shutdown by strike. Only 18 of Bell's towns (among them: York, Ala., Nashwauk, Minn.) are still served by manual switchboards; elsewhere, automated equipment has eliminated the need for operators on 99.8% of local calls and 91% of long-distance calls. The American Telephone & Telegraph Co. insists that its new gear can function without attention indefinitely. And even union men concede that, thanks to up-from-the-ranks promotion policies, the companies have enough technically savvy managerial help on hand to keep the system going "for years...
...economic gap between business and the barracks is Standard Oil of New Jersey, which offers a flat two months' induction pay plus 50% of the difference between service and civilian pay for married men as long as they are on active duty. Atlanta-based Southern Bell Telephone and Telegraph Co. pays a 100% differential for up to six months, while Dow Chemical men go off to war with a check for up to two months' pay. Western Electric pro vides full differential pay for the first three months of active duty, plus an other three months for each...
...funds left over from present consumption and used to produce future benefits-is more than the core of the capitalist system. Even the anti-capitalists of Moscow recognize it as the force that corrals human energy and in genuity, transforming it into machines and factories, roads, rail lines, bridges, telegraph nets and power plants. Capital begets capital because it leads to production. That creates jobs and income, which in turn produce more capital and more demand for it. The Atlantic Council of the U.S.-a group of U.S. Government and business leaders-estimates that, in the ten-year span ending...
London's Daily Telegraph called it "Britain's unlikeliest colony." Mauritius, a speck of land in the Indian Ocean 1,400 miles off the African coast, fell to Britain 158 years ago during the Napoleonic wars. Since then, it has cost dearly: a $60-a-ton subsidy on the island's only crop (sugar), almost $8,000,000 in budget support last year alone, and the necessity of moving in troops every time the country's Hindus, Moslems, Chinese and French-speaking Creoles decide to quarrel. No wonder Britain felt relief last week when independence finally...