Word: basic
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Dates: during 1930-1939
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...basic provisions of the old contract were retained-seniority, paid vacations, a basic $5 a day, a 4O-hour week with time-and-a-half for overtime. But instead of running for a full year, the new contract may be reopened on ten days' notice by either side, and if no agreement is reached within the next 20 days, the contract lapses. In effect, this means that U. S. Steel may, at any time, ask the union to accept a wage cut, and if the union does not accept, proceed to put the wage cut into effect. Under...
Since February 1933, the general U. S. price level has risen 32%, cost of living 24%, prices of farm products 118%, wholesale prices 45%, Moody's index of spot prices of basic commodities 140%, prices of copper 188%, lead 115%, eggs 73%, flour 69%. Listing these figures and many others in the December Atlantic Monthly, Princeton Professor Edwin Walter Kemmerer commented: "That is inflation." Economist Kemmerer expects commodity prices to rise some 69% more and the cost of living to double. Nor is this a lone-wolf stand. Harvard's Professor Melvin Thomas Copeland made similar predictions last...
...whose mind is in harmony with the basic ideals of Harvard College, the scene in the State House yesterday afternoon would have been a sorry spectacle. He would have seen a handful of well-meaning but deluded teachers vainly hurling themselves under the juggernaut of Massachusetts politics. He would have seen men and women trained in the highest form of public service discovering at long last that the fate of a law hinged not on its justice, not on its wisdom, but on its probable benefit to the law-makers. Legislating is a form of vote getting...
...headed by General Pozas still lacks sufficient planes, heavy artillery and junior officers, but it has a unified organization, uniforms, better food than the civilians of Madrid or Valencia, at least five weeks' training of recruits before going into the lines (six months for officers) and a basic pay of ten pesetas a day (60?). Three pesetas was the average pay of Spanish farm hands before the civil war. Leftist Spain confidently faces the new year with a new army...
...flung cry of 'Wolf, wolf' from the mouths of management over the grave dangers of the misnamed 'death sentence,' for I know the fears which that spectre generates in investors. And I know how unfounded that fear is, because I know that its basic threat is not to investors but to certain types of management, essentially concerned with retaining economic power...