Word: transitions
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Dates: during 1950-1959
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...YORK, Dec. 16--The worst subway strike in New York's history ended tonight, after eight days of vast transit confusion above and below ground. It had persisted in defiance of state law and court order...
...YORK, Dec. 10--A growing subway strike, worst in the city's history, converted New York today into a vast, hopeless traffic jam. Two-thirds of the city's rapid transit service was knocked...
...Transit Authority threatened the 6,000 strikers and sympathizers with dismissal if they did not return at once to work. Otherwise, all the TA was able to do was offer overtime pay and a 25 per cent bonus to non-striking underground employees...
Loos and the Benevolent men were upset over the Transit Authority's fact-finding committee, a panel which recently decided that all subway operators belong in the same union. This, reasoned Loos, sold out Benevolent to Mike Quill and the bigger, well-primed Transit Workers...
...helpful. He hinted broadly that "other actions are on the fire." Two days later it became apparent what some of those actions are. The Fed, which has kept heavy pressure on member banks, eased the pressure. It did not counteract an increase in the "float," i.e., uncollected checks in transit between commercial banks, for which bankers get an automatic Fed credit. This was used by mem ber banks to cut their debt to the Fed by $158 million and made possible further borrowings from the Fed, thus could give banks more cash to lend...