Word: boosted
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Dates: during 1950-1959
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...alltime record annual rate of 1,350 Ibs. per capita, and demand is mounting steadily for consumer goods and a host of new steel products, e.g., stainless steel sheathing for buildings. Last week in Cleveland, Republic Steel Corp. announced plans for a $130 million plant expansion program that will boost its capacity 16% to 11.8 million tons a year within 20 months. Said Republic's President Charles M. White. 64, who succeeded tough Tom Girdler as Republic's operating boss last June: Republic's new expansion, launched only two years after a 17% capacity increase, is "based...
...pressure takes several forms. In Japan, as in Korea, it is taxes. A new Japanese tax boost on foreigners (TIME, Aug. 22) will mean that in order to give an American employee $10,000 in take-home pay, a company must peg his salary at $30,000. In Burma laws require that every company have at least 51% Burmese capital and employ at least 75% Burmese nationals. In India and Indonesia, even in the friendly Philippines and cosmopolitan Hong Kong, political and popular pressures are making U.S. firms hire fewer and fewer Americans, more and more Asians...
CHRYSLER CORP., scrambling to recover the 25% of the auto market it once had, will gradually break up the dual lines, e.g., DeSoto-Plymouth, Dodge-Plymouth, among its 10,000 dealers. To boost sales of each of its lines, Chrysler plans eventually to limit all dealers to one kind...
MINE WORKERS have won the same basic $20 daily wage as workers in the booming steel and auto industries. The miners' John L. Lewis has negotiated a contract with the Bituminous Coal Operators Association, under which 120,000 northern miners (current wages: $18.25) will get their first pay boost in three years: $2 a day, with $1.20 of it going into effect this fall, the rest next April...
COPPER PRICES have jumped to 40? a lb.. the highest level in the U.S. since 1872. With the exception of Kennecott Copper, which boosted the price of Chilean metal only, the big companies (Anaconda, Phelps Dodge, and American Smelting & Refining) hiked prices of copper for the third time this year, for an overall 10?-a-lb. increase since January. Reasons: 1) a 15½? wage boost given 35,000 U.S. copper workers after a 43-day strike, 2) a general increase in world copper demand...