Word: contract
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Dates: during 1950-1959
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...stakes were high. When the local unit of the American Newspaper Guild struck last month against the Philadelphia Inquirer of Walter Annenberg's Triangle Publications, the newsmen's union was fighting for survival in the city. With the Bulletin unorganized and a suspended contract at the Daily News, the Inquirer was the Guild's last stronghold in Philadelphia...
...CONTRACT RENEGOTIATION
...books is that defense equipment has become so complex, and changes so fast, that past production and cost experience are not enough to forecast and avoid exorbitant profits. The Government, say renegotiation advocates, needs a watchdog agency to take a long legal second look at every major defense contract. While contractors go along with this, they argue that renegotiation decisions are so capricious that what are considered normal profits for one contractor are called excessive for another...
...planebuilders' strongest argument against renegotiation is that it destroys the incentive to cut costs that the Government is working hard to instill in its contractors. The Government offers contractors 20? of every dollar they manage to save under the contract price of an item. But no sooner is the incentive payment dispensed than it can be demanded back as excessive profit. As Boeing's Allen says: "By all odds the most unenlightened aspect of the whole renegotiation mess is that it ignores how good a job you're doing-how many dollars per pound...
...customer wants to sell a house in which all the rooms are round (Previews sold one in New Jersey) or turn his farm into a tourist paradise, Previews' approach is the same. Previews gets 1½% of the asking price for handling a property on a three-year contract, advertises it with attractive brochures, often distributed to as many as 5,000 other brokers. When the property is sold, Previews picks up another 2½%. The local broker also gets a commission...