Word: contraction
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Dates: during 1940-1949
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...ostensible reason for the strike was wages (the printers had asked for a boost of $14.50 a week), but the real issue was Randolph's defiance of the Taft-Hartley Act ban on closed-shop clauses in contracts. Randolph dropped a formal contract, asked publishers to agree to "conditions of employment" continuing the prized closed shop that Chicago's printers first won 50 years ago. In many cities, publishers agreed; in Chicago, they refused...
...printers, and most newsmen, the strike did not cripple Chicago papers; they went over to Vari-Type without missing a day (TIME, April 25). By last week, even Randolph recognized that Taft-Hartley would not be repealed soon, and that VariType had him licked. He settled for a contract that did lip service to the ban on closed shops, without disrupting the union's monopoly...
...Under the contract, the foreman of the composing room, who does the hiring, "shall be a union member"-a virtual guarantee that no non-union printers will be hired...
...Geoffrey, a free-enterpriser, wanted to build the first Comet for the government without government interference. To win that freedom, along with the necessary government contract, he risked a heavy loss by accepting a penalty clause. If the Comet was not completed on time and did not perform as specified, he would have to pay the cost himself. He won the bet. He reckons that his Comet can cut the New York-to-London run to six hours, make the round-trip possible in one day. As a result of such enterprise, Sir Geoffrey last week was getting...
...which it thinks could keep pace with the Comet and cost no more than a Connie to operate. Douglas also has commercial jets, stalemated at the paper stage. So does Boeing, which said, perhaps overoptimistically, that it could produce a 500-m.p.h. transport within 18 months of receiving a contract. But Boeing's Vice President Wellwood E. Beall warned that Congress would have to act soon. Said he: "We will lose not only world markets to the British jets, but because of competition may find our own airlines forced into buying British...