Word: a-year
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Some kind of explanation was needed. Mamie made $25,000 a year as head bookkeeper at the big Detroit architectural engineering firm of Giffels & Vallet (now Giffels & Rossetti). But the Averills lived far beyond the $25,000-a-year scale, with a chauffeured Cadillac, lavish wardrobes, a $300,000 estate in rural Michigan, a home in Florida and a $100,000 hunting lodge in Canada, built to resemble a British castle...
...Canadian culture to an audience uneconomically scattered across a vast land. But the government recognizes the merits of competition, and a new Board of Broadcast Governors (TIME, Nov. 16) will soon begin licensing private-enterprise second stations in all major cities. CBC President Alphonse Ouimet, 51, whose $17,000-a-year salary is less than one-sixth as much as NBC's President Robert Kintner's, expects to clear only $40 million in advertising revenues this year, and Parliament will have to make up the rest of CBC's $75 million budget (v. $37 million for Britain...
Give & Take. Union President Lapidus copped a guilty plea on charges of extortion. Boss Loughran (who ironically had won a reputation for his exposes of rackets in retail businesses) was haled before a county grand jury, fired from his $8,250-a-year job and arrested on charges of extortion. Investigator Kaplan promised that the butcher expose was only beginning. "The protection club was all over New York," said he. "There are 5,326 butchers in the city. You will have to guess at how many were involved, especially in depressed areas, where it hurts the little housewives the most...
...with two jobs as a relatively underpaid worker who is forced to moonlight to pay the household bills. The cop and the fireman, who get as little as $2,400 annually, wash windows and work as handymen for a few extra dollars a week: the $3,000-a-year schoolteacher drives an ice-cream truck to send his son to college. But the biggest moonlighter of them all is the airline pilot, that rugged capitalist of the sky, who makes as much as $30,000 a year (as a jet captain) and spends his off-duty hours piling up even...
...American Airlines Captain Walter Steiner bought Milwaukee-based Precision Gears, Inc. from his family in 1950, has built it into a $500,000-a-year company, which will soon move into a new factory...