Word: offing
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Dates: during 1960-1960
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New Savings. The states are getting another unexpected bonus; highway building costs have run against the trend of all other types of construction and have dropped 4.4% since their 1957 high. California's highway commission says that it has saved "many millions of dollars" from what it expected to...
Costs are down partly because contractors expanded their equipment to get ready for the Federal Government's enlarged program. But it was cut back in 1959 after the Bureau of Public Road, depleted its funds with heavy spending to combat the 1958 recession. Some contractors needed work to pay...
Labor-saving machinery is also playing a big part in holding down costs. Aurora Ill.'s Barber-Greene Co. built a giant $500,000 mobile asphalt plant for Fort Lauderdale's Mobil Asphalt Co., complete with mixing machines, road paver, bunkhouse and machine shop, which rolls under its...
New Methods. State highway departments have also lowered costs by accepting new building methods. Texas gives a contractor a choice of materials to use on a job so that he can pick the cheapest, e.g. steel or prestressed concrete on bridges. Michigan and other states save time and money by...
The U.S. economy, entering the last month of a disappointing year, last week was chilled by more unpleasant news. Unemployment in November seemed headed for a new postwar high for the month. With increases among the jobless in 48 out of 50 states, November unemployment was up more than 300...