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...same year, Henry Ford shocked the world with what probably stands as his greatest contribution ever: the $5-a-day minimum-wage scheme. The average wage in the auto industry then was $2.34 for a 9-hr. shift. Ford not only doubled that, he also shaved an hour off the workday. In those years it was unthinkable that a guy could be paid that much for doing something that didn't involve an awful lot of training or education. The Wall Street Journal called the plan "an economic crime," and critics everywhere heaped "Fordism" with equal scorn...

Author: /time Magazine | Title: Driving Force: Henry Ford | 12/7/1998 | See Source »

...gambling industry's frenzied competition for players at a time when saturated markets are putting sharp downward pressure on gaming companies' earnings. In overbuilt markets like Atlantic City, N.J., Tunica, Miss., and St. Louis, Mo., the ability to win now the real, revenue-generating gamblers from the $50-a-day dilettantes has become nothing less than a matter of survival...

Author: /time Magazine | Title: HOW CASINOS HOOK YOU | 11/17/1997 | See Source »

...came the third degree. In the Star story, Sherry Rowlands, 37, a hooker who says she wants to get out of the business, claimed that over the course of about a year she and Morris met for sex almost weekly. Their alleged get-togethers took place at Morris' $440-a-day suite at the Jefferson Hotel in Washington, the nicely appointed Beltway establishment where he stayed during the week, returning on most weekends to his West Redding, Connecticut, home and Eileen, his wife of 20 years, a defense attorney...

Author: /time Magazine | Title: CONVENTION '96: SKUNK AT THE FAMILY PICNIC | 9/9/1996 | See Source »

...negotiator in Friday's agreement over the refugee crisis, Ricardo Alarcon, said the first U.S.-Cuban accord during Fidel Castro's three decades in power provides a toehold on more extensive relations. He said the next step-- if Cuba lives up to its promise to halt the 3,000-a-day refugee flow in return for 20,000 U.S. visas a year--would be talks on lifting the longtime U.S. embargo. U.S. officials downplay the possibility of lifting the three-decade-old embargo. "There is a paradox," the former Cuban Foreign Minister and longtime Castro aide said in New York...

Author: /time Magazine | Title: EXCLUSIVE . . . ALARCON SEES U.S.-CUBA RELATIONSHIP | 9/12/1994 | See Source »

...1950s -- as it happened, only a few feet short of the mother lode. Underneath Henderson, recent exploration has shown, are ore deposits said to be worth $1 billion. It is here that Noranda's subsidiary Crown Butte is pushing hard to start up a large 24-hour- a-day gold mine and processing mill. Workings would be underground and no cyanide would be used, but Yellowstone Park's director of resource management, Stu Coleman, has said that from an environmental point of view, Henderson Mountain is "probably the worst possible place in the U.S. for a gold mine...

Author: /time Magazine | Title: Mother Lode Vs. Mother Nature | 11/22/1993 | See Source »

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