Word: gear
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...brother likes to zoom along in high gear, but Sam Houston Johnson, 50, is a more conservative Texas sort: he just gets into trouble going backwards. Last week, he backed his 1964 Pontiac out of an Austin parking lot, then banged into a passing delivery truck, wound up with "minor fender" damage, a ticket for reckless driving and a $10 fine...
...Hell with Economics. These new products-and the ideas behind them-spring from the fertile soil of two A.T.&T.-owned giants in their own right: Western Electric and Bell Labs. Western has 149,000 employees, turns out more than 50,000 kinds of communications gear, and buys parts and materials from small businesses in some 3,000 U.S. towns. U.S. trustbusters complain that Western sells equipment to A.T. & T. at half the price it charges competitors, point out that it earns only 5% on its sales. Kappel argues that if A.T.&T. did not have Western, its own costs...
...down rings. He took the picture on the last color page-a gold and green view of Giza-from a helicopter flown by a U.A.R. Air Force crew, firing away with his F-8 from a sitting position in the doorway with his feet on the landing gear. This was more or less routine for Lowry, an expert in aerial photography, but he felt a bit queasy when he was shooting the interior of one of the dam tunnels. "Things kept falling from the ceiling," he said. "I think the workmen there are either very courageous or very fatalistic...
...introduction. The other automakers also notice that their best-selling models are those that were either all new or sharply restyled for 1964. That gives them good reason to hope that the completely restyled 1965 models will keep the auto industry moving forward in high sales gear...
Success as a parking operator once depended on little more than a fairly level lot and familiarity with all kinds of gear shifts. But the auto birth rate has soared so high, the crush for parking space has become so great and the cost of building and operating parking garages has grown so fast that the business is now dominated by big chains. When one of the biggest of the chains, Kinney Service Corp., last month was admitted to the New York Stock Exchange, the financial world saw the move as evidence that a fender-banging, slightly shady trade...