Word: turning
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Dates: during 1950-1959
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...their plans down; there was little they could do about the revolt against chrome-and the demand for a small car. Last week General Motors and Ford were experimenting with a radical new electronic machine to make dies that would drastically cut the lead time, make it possible to turn out dies in as short a time as six months...
...World Airlines and Eastern. All six airlines-American, Capital, Eastern, Pan American, T.W.A., United-have agreed to put on extra flights along routes they also serve to take care of the passengers of any struck line. The lines plan to make no profit on the overflow traffic. They will turn over all earnings, after taking out operating expenses, to the strikebound line. The pact's major immediate effect: competitors United, American, Eastern, T.W.A. will give Capital enough funds to cover its $50,000-a-day loss in operating revenue. But if CAB disapproves the agreement, Capital will have...
...president, Florence sent out a memo in which he said that loan officers were relying too much on statistics in granting loans, and not enough on common sense. Florence made a rule that any one officer could grant a loan, but it took more than one to turn down a borrower. "At Republic," says President Stanley Marcus of Dallas' Nieman-Marcus, "nobody thinks they're doing you a favor by lending you money. They look on banking as a commodity to sell, not a privilege...
Cleaning Up. Republic has lent $1 billion to finance oil drilling, more than any Southwest bank. Florence was a chief mover in bringing Temco Aircraft to Dallas, which in turn helped persuade Chance-Vought to come. He also helped organize Lone Star Steel Co., biggest in Texas. Partly to persuade big Texas borrowers that it was no longer necessary to go to New York, Florence gave Republic the most impressive face in Dallas-a $25 million, 40-story building sheathed in aluminum. The skyscraper has acted as a magnet to bring Dallas such other structures as the new Hotel Statler...
...judge from his record so far, Pope John XXIII will face the dangers and confusions of his era with the patience expressed by his favorite maxim of government, and probably with more force than it suggests. The maxim: Omnia videre, multa dissimulare, pauca corrigere-to see everything, to turn a blind eye on much of it, to correct a little...