Word: contracting
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Dates: during 1940-1949
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...this time G.M. and the U.A.W. were not exchanging four-letter epithets. They were hard at work on a new kind of contract. To "the U.A.W.'s threat of a strike and demands which totaled 45? an hour, G.M.'s grey, forthright President Charles E. Wilson had thought up a surprisingly dulcet answer...
...consumers' price index rises, G.M. would add 1? to wages for each 1.14 points of higher prices.* If the index falls, 1? would be subtracted on the same scale. But there would be a floor on the downside; no more than 5? would be subtracted during the contract's two-year life. There would be another flat 3? boost next May-a first step toward yearly standard-of-living increases...
...better 'adult') touches, that the interest never lags. The story is set in that other side of show-business that Betty Grable never sees. A music-hall singer named Jenny Lamour and her piano-playing husband are plugging along in vaudeville when Jenny gets an offer for a contract from a big movie producer who happens also to be an aged, lecherous, hunchback. At a secret rendevous, he makes a pass at Jenny and she breaks a bottle over his head. The police pick up her husband for murder but Jenny decides to keep mum to both her husband...
Three months ago, Eaton called off the contract for his Otis & Co. to underwrite $11.7 million of new stock for the Kaiser-Frazer Corp. (TIME, Feb. 23). His out was a suit filed by Stockholder James F. Masterson against K-F in connection with the new issue. (K-F's counsel called the suit a "phony.") When SEC began to investigate,Witness Eaton swore that he knew nothing about the Masterson suit until after it was filed...
...biggest U.S. small-arms manufacturers, drew a bead on C.I.O.'s United Electrical, Radio & Machinery Workers of America. Colt charged that the union's record "of obstructing national policies" might endanger the company's fulfillment of armament orders, and refused to renew its contract. Under the Taft-Hartley law, the union could not bring charges of unfair labor practices before the National Labor Relations Board; its officers had refused to swear they were not Communists...