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...eleventh grade. At home, Jack's royalties were dwindling. Nancy took a job and found work for Gelsey as a child model. She detested it "because it was so upsetting to miss a class." A dance scholarship came to the rescue and put her in classes 12?? hours a week. Twice a day she and her classmate Meg Gordon donned rubber sweat pants and took turns stretching each other's legs, an ordeal that often left Gelsey weeping. Her muscles were taut and had to be tugged mercilessly if she was to achieve extension, the astonishing limb span demanded...

Author: /time Magazine | Title: Dance: U.S. Ballet Soars | 5/1/1978 | See Source »

...pressure on local speculators, and announced that he would seek to increase exports by increased trade with China. He also introduced a sweeping land-reform decree under which 715,000 tenant farmers occupying 3,700,000 acres of rice and corn lands will become owners of family farms of 12?? acres each...

Author: /time Magazine | Title: THE PHILIPPINES: Life in a New Society | 11/20/1972 | See Source »

...extortionate wage raises?labor costs have been rising more than 7% annually?but since 1968 the real weekly earnings of the American wage earner have inched up from an average $90.67 to only $91.96. In the past 2½ years alone, inflation has cut the value of the dollar by 12?? and the once-prized greenback is now the weakest major currency in the world...

Author: /time Magazine | Title: Business: The Showdown Fight Over Inflation | 8/16/1971 | See Source »

That is precisely the spirit that the first of the stopwatch-toting efficiency experts, Frederick Winslow Taylor, condemned in 1911 as "the greatest evil with which the working people are now afflicted." In a yard where laborers were loading 12?? tons of pig iron each aboard flatcars every day, he taught one worker named Schmidt to load 47½ tons by changing the movements he used to lift the 92-lb. bars and the speed at which he walked to the flatcar.* Taylor's ideas were expanded by Frank Gilbreth, who contended that there must be "one best way" of doing...

Author: /time Magazine | Title: Business: America the Inefficient | 3/23/1970 | See Source »

...William Wood Prince tried a squeeze play to drive the price down to $50. His method was ingenious. Armour made a public offer to repurchase 20% of its own outstanding shares at $50 each. If successful, the move would have increased Bluhdorn's stake in Armour from 9.8% to 12??%, thus making Gulf & Western an "insider"* under the rules of the Securities and Exchange Commission?and insiders are barred from pocketing short-term profits in their company's shares...

Author: /time Magazine | Title: Business: THE CONGLOMERATES' WAR TO RESHAPE INDUSTRY | 3/7/1969 | See Source »

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