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Though unemployment benefits were never intended to substitute for wages, there is a strong case for higher benefits in today's inflationary climate. Says New Jersey State Labor and Industry Commissioner Joseph Hoffman: "For the average worker with two children, to live on this state's $90-a-week maximum means subsisting on the poverty level...

Author: /time Magazine | Title: UNEMPLOYMENT: Signs of Stress in the Saftey Nets | 2/24/1975 | See Source »

...after his vanishing act in Miami, he flew to Melbourne, arriving on Nov. 27. The next day he left for Denmark via Singapore in order, he claims, to gauge the reaction to his disappearance in Europe and Britain. On Dec. 10, he returned to Australia, booking into a $45.50-a-week room at Melbourne's Centre City Club as Donald Mildoon. There were reports that he had $47,000 with...

Author: /time Magazine | Title: BRITAIN: Stonehouse Surfaces | 1/6/1975 | See Source »

Died. Edward Allen Pierce, 100, last surviving founder of the nation's largest stockbrokerage house, Merrill Lynch, Pierce, Fenner & Smith; in Manhattan. In 1901 Pierce left his job as manager of a lumber business for a $20-a-week clerkship with the prestigious brokerage house of A.A. Housman on Wall Street. Twenty-six years later, the company's name became E.A. Pierce & Co. In 1940 E.A. Pierce & Co. merged with the investment banking firm Merrill Lynch; a year later Fenner joined, followed by Smith in 1958. Pierce continued actively to govern his empire until well into...

Author: /time Magazine | Title: Milestones, Dec. 30, 1974 | 12/30/1974 | See Source »

Soon after she met Mills at the Silver Slipper in July 1973, Fanne gave up her $500-a-week job and now has no visible means of support. That August, Mills and his wife Polly moved into an apartment in Fanne's luxury building, the Crystal Towers in Arlington, Va. According to club employees, Mills, usually with Fanne, visited the Silver Slipper about twice a month, where they sat at a small table near an emergency fire exit. Sometimes he ordered magnums of champagne for Fanne and drinks for the house, rarely less than $100 worth in a single evening...

Author: /time Magazine | Title: DEMOCRATS: Wilbur's Argentine Firecracker | 10/21/1974 | See Source »

...landed a $30-a-week job as a mail clerk at MGM, and kept his ambition in fighting trim by calling all the executives by their first names. "Hiya, Joe," he grinned at Producer Joe Pasternak, who stopped for a moment, then threw out the classic line: "Hey, kid -how'd ya like to be in pictures?" Pasternak gave Nicholson a script, and told him where to show up for the screen test. Nicholson looked the script over but did not realize that he was supposed to memorize his lines. The test was a disaster, and Nicholson was back...

Author: /time Magazine | Title: The Star with the Killer Smile | 8/12/1974 | See Source »

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