Word: collars
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Dates: during 1960-1969
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...intellectual has lost his sympathy for unions because today's rich and powerful unions have lost sympathy for the underdog. The real people in economic need today are not the union members, says Odiorne, but the "farm laborer, the service employee, the lower level of white-collar worker, the retired annuitant." His conclusion: without a "reconstituted philosophy of unionism" that reaches out to include these people, the "alienation of the' intellectuals will continue. Within the decade we may well expect that many of these will turn on unionism and attack the very body they once worked to support...
...busy one fitted up as a one-man stock exchange, complete with both Dow-Jones and N.Y. Stock Exchange tickers, where Billy speculates in regal solitude (Rose began his career at 17 as a shorthand stenographer for that dean of speculators, Bernard Baruch). Shrugging back the shawl collar of his bulky white cardigan to expose the embroidered red "B.R." on the breast of his black polo shirt, Rose said he hoped to fill the empty places in his mansion with more antique furniture. As for his garden: "I may glass that in and build a swimming pool...
...demand, they loaded on new plants and machines, more nonproductive salaried engineers and managers, all heavy overhead items of fixed cost. When recession came, the businessmen were stuck; they could lay off hourly workers, but they still had to pay their fixed costs for plants and highly trained white-collar staffs. As sales dropped and earnings were squeezed, the tendency was to hike prices in hopes of maintaining profits. Says Schultze: By insisting on immediate returns on their investment "instead of writing it off against the future, they showed a little bit of a lack of imagination...