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LOUIS WOLFSON, who bought control of Washington's Capital Transit in 1949 for $2,189,160, milked it, then lost its franchise when Congress got angry about a 52-day strike, may reap even more than an estimated $5,300,000 profit for himself and his group. National City Lines of Chicago has offered to buy Capital for $13.4 million, and if deal goes through, Wolfson will receive $56 on each share for which he paid $20, emerge with a $9,500,000 total profit (before taxes), a whopping 332% return...

Author: /time Magazine | Title: Time Clock, Jun. 25, 1956 | 6/25/1956 | See Source »

...some hard-to-get strategic item. With this in hand, it would then get an Italian license to export the raw materials to the allied country. But no consignment ever got to Britain or France. Either in Switzerland or in Belgium, where customs officers paid small heed to in-transit goods, the agency transshipped the stuff-from Switzerland by rail to Vienna and the East, from Antwerp by sea to Polish Gdynia...

Author: /time Magazine | Title: ITALY: Communism Can Be Profitable | 6/4/1956 | See Source »

...professors yesterday attacked as a total misinterpretation press reports that a Supreme Court order Monday had ended all racial segregation in public transit systems...

Author: NO WRITER ATTRIBUTED | Title: Howe and Freund Attack Press for Misinter pretation | 4/28/1956 | See Source »

...Public Works Department ("Golden Arm" Sullivan's code name for the 4th Sappers Unmounted Light) attempted to erect scaling ladders (see foreground) but pikemen within kept the ladders without. In addition to the sidewalk squad, the City Council finally declared a state of emergency and seized the MTA. Thus Transit Authority equipment led the attack on Massachusetts Ave. and Arrow Street. Featured in the MTA fleet were three brand new Walter Snow-Fighters (Guaranteed 100% Traction) with an estimated 690 horsepower operating through fourteen gears forward and six back...

Author: NO WRITER ATTRIBUTED | Title: The Mechanized Monster Helps the City | 3/22/1956 | See Source »

...surrender settled the strike and put the professionals back to work at their drawing boards, operating tables and lecture platforms. But it stopped far short of redefining the professional's position in Israel. "To our leaders," said one indignant Israeli, "the illiterate in the transit camp is still just as good as the brain surgeon in Hadassah Hospital, which is an admirable point of view for the Lord to hold but a damn silly...

Author: /time Magazine | Title: ISRAEL: Just Too Equal | 3/5/1956 | See Source »

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