Word: slipping
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Hughes's control of TWA began to slip last year, when he ran into trouble with a $165 million financing plan to pay for jets. New York's Irving Trust Co. and Equitable Life finally agreed to lend TWA the money, but only on stringent conditions: Hughes was obliged to place the 78% of TWA's stock owned by Hughes Tool Co. under the control of a voting trust composed of former Ford Motor Co. Chairman Ernest Breech, former U.S. Steel Chairman Irving S. Olds, and Raymond M. Holliday, chief operating officer of Hughes Tool...
...week Commerce Secretary Luther Hodges said that U.S. capital spending abroad will amount to $4.5 billion this year-more than 20% above 1960-and he predicted that the upswing would be "accentuated" by any expansion in the Common Market. Not only will U.S. entrepreneurs feel a growing need to slip under Europe's tariff curtain, but they will find it easier to do. Instead of having to set up plants in each of two rival camps, a U.S. businessman will be able to sell to the continental Six from a subsidiary in Britain, and vice versa. Since the Common...
...railroads suffer, too, from memories of the bad and fat old days when many of them arrogantly set their rates according to "what the traffic would bear"-a practice that not only opened the way for trucks to slip in and skim off the cream of the freight, but that also inspired the steady expansion of federal regulation of railroads. Nowadays, a railroad cannot raise or lower its fares, expand or contract its lines, merge or diversify its business without express approval of the slow-rolling Interstate Commerce Commission. Overworked and understaffed, the ICC itself harbors no illusions about...
Harvard can only hope to slip into the first division at best, however. There's no talk of championships around Cambridge, much less mention of a finish in the top four, Harvard's tie for third with Dartmouth with a 5-4 record last year was the Crimson's second consecutive winning season and finish in the first division--and probably its last for a while...
...Cuba, so we're taking him. Please stay in your seats and offer no resistance." As they approached Havana, the escorting F-102 turned back. Electra Copilot John Yandell got the pirate's approval to ask Key West for the Havana airport frequencies, and managed to slip in a quick warning: "This is an emergency. We are being forced at gunpoint to fly to Cuba...