Word: cabs
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HOWARD HUGHES will sell his 10.2% interest in Atlas Corp. (market value: about $7,700,000) by May 31, 1961, until then will deposit stock with neutral trust or bank. CAB forced sale because Hughes owns 78.2% of Trans World Airlines and Atlas controls Northeast Airlines, thus giving him the opportunity to control two airlines...
...four Teamster officials serving prison sentences. Furthermore, over a four-year period he approved a staggering $625,726 in legal fees for the defense of arrested Teamsters. ¶ A bitter 72-day Teamster strike in 1953 and 1954 against four Wichita, Kans. taxicab companies, marked by dynamitings and cab burnings, was settled finally when the Teamsters agreed to pay the cab companies $15,000 if they forced drivers to join the union...
...Hoffa's hoodlum business agents, Gus Zapas, forced Attorney David Probstein out as president of an Indianapolis cab company. Asked Committee Counsel Robert Kennedy of Betty Starrett, a former secretary in Probstein's office: "What did Zapas say to Probstein at that time?" Replied Witness Starrett: "He said to get out-and he speaks very colorfully." Question: "Did Zapas say anything about killing him?" Answer: "Yes, but he used that expression like I would say 'Hello.' " After talking to Zapas, Probstein went to St. Louis on a "business trip." He has not been seen since...
...direction is accounted for and automatically computed to give precise distance traveled. The key instrument is an accelerometer -a container holding a weight that can move, against springs, toward one end or the other. The weight acts like a man's head that is jerked back because a cab driver starts suddenly. The weight thus measures a vehicle's thrust (acceleration), and from this information, an electronic computer can determine the vehicle's velocity. Inertial navigation uses two accelerometers, one to measure all north-south motion from the starting point, and one to measure all east-west...
While spanking CAB, the report also slapped the airlines. It questioned whether the carriers will be able to fill the additional 40 billion seat-miles that the speed and greater capacity of the new jets will make available by 1962. The report's conclusion: The airlines will not be able to unless they get busy right away researching new markets and developing special programs to attract new passengers. The Government can lend a hand in assisting traffic growth, said the report, by repealing the transportation tax and turning over to commercial carriers more of the passenger and cargo traffic...