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...first model of a new inflatable-wing, two-passenger aircraft which may be the sky-auto of the future. Named the "Flying Mattress," the new plane features a 40-ft. span delta wing, made of light fabric and easily inflated by compressed air machines or by a regular tire pump. When deflated, the wing is small enough to fit in a car's trunk compartment. Inflated, the wing sits on posts above a 10-ft. wooden fuselage, is held in place by struts. A pusher-propeller, powered by a 65-h.p. engine, gives the plane a top speed...

Author: /time Magazine | Title: Science: Spectrum | 8/29/1955 | See Source »

...Economic Development and many individual businessmen (plus the A.F.L. and the C.I.O. as well) fought to get it passed, and won. Bankers and contractors wanted a highway bill, but the truckers wanted a pay-as-you-ride compromise plan killed because it would have raised their gas, diesel and tire taxes $1 billion yearly. The small businessmen did all right: the Small Business Administration was extended for two years, and the Justice Department's recommendation (backed by big-city department stores and discount houses) to repeal Fair Trade laws was blocked...

Author: /time Magazine | Title: Business: BUSINESS & CONGRESS | 8/15/1955 | See Source »

...research, and to strive vigorously to grew." Mere size alone is no indication of how rapidly a company will grow. Between 1935 and 1953, for example, the giant U.S. Steel Corp. increased sales 397%, but smaller Bethlehem Steel grew 980%, and Jones & Laughlin 880%. In rubber, General Tire grew 1,225%, Firestone 750%, while the two biggest companies, Goodrich and U.S. Rubber, increased far less. "Certainly," said Slichter, "the changes in relative size of companies indicate that the big concerns did not get together and agree on how the market was to be divided. They have struggled for larger shares...

Author: /time Magazine | Title: INDUSTRY: The Bigness Bugaboo | 8/8/1955 | See Source »

...what O'Neil hopes to make on the deal. On past performance, he may be just what RKO needs. A burly (6 ft. 4½ in., 215 Ibs.) ex-Holy Cross ('37) football end, O'Neil first learned his way around his father's tire company after college, did a four-year stint in the Navy, part of it skippering an LST in the Pacific. When he got back in 1945, he went to work for General Tire in earnest. Three years before, his father had bought New England's 25-radio station Yankee Network...

Author: /time Magazine | Title: SHOW BUSINESS: Free Movies Every Night | 8/1/1955 | See Source »

...Neil swung a $12 million deal for the Don Lee network with its 45 Western radio stations. A year later, he got control of Manhattan's WOR and WOR-TV by buying out Macy's interest, and later got control of Mutual. At the same time, General Tire had been merging all its radio-TV holdings, which became General Teleradio in 1952, with Tom O'Neil as president of the new company. Says his father: "That Tom, he makes money...

Author: /time Magazine | Title: SHOW BUSINESS: Free Movies Every Night | 8/1/1955 | See Source »

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