Word: contract
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Dates: during 1950-1959
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...young man's mark at Chicago's Bell & Howell Co. (cameras, optical equipment), went on duty in the Navy's purchasing offices, found that the torpedo sight his company was mass-producing for the Navy was useless. His blunt honesty in forcing fast cancellation of the contract so awed company officers that they later made him its president...
...Little Rock, Publisher Wells was speedily disciplined for standing up for Brooks Hays. Arkansas' house of representatives, which does Orval Faubus' bidding, notified Wells that it was canceling his $10,200 contract for publishing a daily digest of legislative sessions. Professed reason for the sudden cut: economy...
...Airlines Flight 116 routinely rolled to the terminal, discharged 62 passengers. Then, in a grim departure from routine, the DC-6-strikebound American's last flight-rolled away to join 194 other planes already grounded indefinitely at airports around the U.S. Unable to reach agreement on a new contract covering its 1,500 American Airlines members, the A.F.L.-C.I.O. Air Line Pilots Association highest salaried and most intensively trained of all U.S. unions, had struck the largest U.S. airline, left thousands of holiday travelers digging desperately for other ways to get there...
...strike against American, which flies 24,000 passengers daily east and west, had been building since ALPA's contract expired 16 months ago. A principal point at issue in the onrushing jet age: whether the third man in the jet cockpit should be a pilot or flight engineer. ALPA and American had reached an informal agreement by adding a fourth man as third pilot. But then they disagreed on wages and flying hours for crews of both jet and piston-driven planes. American offered substantial wage increases, e.g., from $19,200 annually to $28,000 for eight-year pilots...
...programs. Good weather and fine crops gave farmers a 20% boost in income. Finally, the defense planners who had helped accelerate recession with an ill-timed economy wave in the summer of 1957 got back on the missile beam by mid-1958 with a $5.3 billion increase in the contract awards...