Word: contracting
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Dates: during 1940-1949
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...play's central figure is Charlie Castle (John Garfield), onetime idealist and now such a whopping movie star that he is being asked to sign a 14-year contract. Fed up, Charlie wants to leave Hollywood; his wife (Nancy Kelly) is so fed up she has left him. But Charlie is being blackmailed by his bosses. A while back he had run over and killed a child, and he had been saved from prison by the studio's wiliest finagling. Now, when he balks, the studio threatens jail. Later, when things get messier, the studio doesn...
When it was over, San Antonians gave Joseph and Max Reiter their hearty approval. In appreciation of the man who had founded their orchestra (TIME, July 14, 1947) and nursed its musicians on Strauss, they had also given Max Reiter a new five-year contract...
Died. Charles O'Neill, 61, big-time coal dealer and top spokesman for the soft-coal operators in their perennial battle with John L. Lewis over contract negotiations; of a cerebral hemorrhage; in New Rochelle...
Died. P. (for Philip) Hal Sims, 62, hulking (6 ft. 4 in., 300 Ibs.) contract bridge expert; after a heart attack; in Havana. Sims took up the game in the '20s, after thrice winning the National Amateur three-cushion billiards championship, matched an uncanny card sense with a ruthless application of psychology and technical skill to become one of the world's outstanding players. A longtime rival of Culbertson, Sims was a born sportsman and amateur gambler (whist, golf, poker, tennis, horses), once played 59 straight hours of bridge...
With a good sense of public relations, G.M. timed its action to coincide with company-wide wage reductions of 2? an hour under its escalator "cost-of-living" contract. (Wage rates are adjusted up or down quarterly, 1? for every 1.14 point change in the Bureau of Labor Statistics cost-of-living index.) Said G.M.'s President Charles E. Wilson: the markdown was intended to "pass along to consumers the savings resulting from both the downward adjustment of wage and salary payments and the lowered cost of certain material items...