Word: americanizing
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Dates: during 1970-1979
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...Viennese are going through transition too. Shortly before the company left Vienna, it announced that Director Egon Seefehlner, 67, would retire and Cleveland Orchestra Music Director Lorin Maazel, 49, would take over in the 1982-83 season. Maazel is the first American to be entrusted with the company's treasured legacy. Possibly his appointment signals a desire by the Viennese to open up that legacy to new influences. One hopes so. The operas brought to Washington are all great works; but they are also cultural totems, safe and certified, and this reflects a basic conservatism in the company...
...vote of confidence we needed." Added Auto Workers Chief Douglas Fraser, who is joining Chrysler's board as part of a deal struck by his union to help the firm: "The Government is taking a very positive step, assuring the jobs of nearly half a million American workers...
...period of rapid inflation, well-organized workers and those with scarce skills can protect themselves better, but even they eventually fall behind rising costs, and their living standards decline. Like Oliver Twist, American workers are expected to begin asking, "Please, sir. I want some more." The minimum wage is already due to rise next Jan. 1 from $2.90 an hour to $3.10. Nonunion workers are likely to start demanding greater pay hikes to catch up with both union salaries and inflation...
Despite the sometimes impressive figures printed on weekly pay stubs, the average American worker continues slipping ever further behind inflation in terms of actual buying power. Over the past twelve months his real income, in non-inflated dollars, has steadily declined. Just since spring, inflation has eroded the total compensation of a person earning $20,000 a year by about $1,210. Even 10% pay increases at a time of 13% inflation results in a 3% drop in living standards...
...however, the carriers seem eager to exercise their new freedom to fight for business. At present, the hottest battleground is Florida, where National, Delta and Eastern are all facing new competition on routes in and out of the Sunshine State. Since deregulation, American, Ozark and Republic have all launched runs between Florida and points in the Midwest and other areas, while Braniff has increased its service from Texas and Western states. TWA and United plan to invade Florida this winter...