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...this point, another country got into the act. India, which has its own grievances against Pakistan, prepared to set up an airlift from Amritsar over the Khyber Pass to Kabul. The ambitious Afghans were grateful, but even more gratified by a handsome offer from the Russians: a five-year transit guarantee for their goods. Glowed Afghanistan's Foreign Minister Naim: "If one door is slammed shut and another is opened, we will go through it." After 100 years, the Russian bear's long vigil on the Oxus was beginning...

Author: /time Magazine | Title: AFGHANISTAN: The Poor Goat | 7/18/1955 | See Source »

Louis Wolfson, who normally loves the spotlight, was busy dodging it. He ducked a senatorial subpoena ordering him to testify in the strike of the Wolfson-controlled Capital Transit Co., which has forced thousands of Washingtonians to hitch rides or walk to work during the past two weeks. Despite the inconvenience, Washingtonians seemed almost solidly against Employer Wolfson and in favor of his employees, striking for a 25?-an-hour pay hike and other benefits. Crying that Wolfson was an "economic carpetbagger," Oregon's Democratic Senator Wayne Morse introduced a bill to strip Capital Transit of its franchise...

Author: /time Magazine | Title: HIGH FINANCE: Strike Against Wolfson | 7/18/1955 | See Source »

Inventories of stocks on dealer lots and in transit reached 841,853 last month v. 565,719 a year ago. Yet some dealers complained that stocks were too low. Chicago's Z. Frank, who bills himself as the biggest U.S. dealer, is selling almost three times as many cars this year as he did in 1954, has less than a ten-day supply of Chevrolets on hand. Dallas dealer inventories averaged 25% below last year's, and Seattle's Totem Pontiac Co. had on hand only half its normal 65 new cars. Said a Washington Buick dealer...

Author: /time Magazine | Title: Business: Too Many Cars? | 7/4/1955 | See Source »

...created. To simplify matters, the U.S. helped sponsor a meeting of interested nations after World War II to write a single, broad General Agreement on Tariffs and Trade. GATT contained thousands of tariff concessions and a rule book on trading, e.g., a signing nation would permit free transit of goods covered by the agreement, would not levy discriminatory taxes to keep imports out. It included an escape clause by which any country could protect a domestic industry seriously threatened by imports. GATT was never submitted to the U.S. Congress; it was approved by President Truman under the powers granted...

Author: /time Magazine | Title: Business: THE FIGHT OVER GATT | 6/6/1955 | See Source »

...passengers. Where this has been given a fair trial, it works. By providing fast service on a low (7?) fare, educating its drivers in good passenger relations, New Orleans Public Service Inc. has kept passenger decline for the last three years to 2% or less. The city-owned Cleveland Transit System, which turned in an operating surplus for eight of the last ten years, has just opened an eight-mile rapid-transit rail line from the Union Terminal to East Cleveland, expects to bring in passengers by cutting 16 minutes off an old 34-minute bus ride. After Cleveland replaced...

Author: /time Magazine | Title: METROPOLITAN TRANSIT--: Horsecar Management in Expressway Age | 4/18/1955 | See Source »

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