Word: contractive
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Dates: during 1950-1959
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...movie comedy, Champagne for Caesar, Ronald Colman played an omniscient scholar who almost wins a quiz-show sponsor's $40 million soap company. Says Sponsor Rosenhaus: "Everybody keeps asking if Van Doren is going to win the Geritol company. But we're safe." Geritol's contract with Barry & Enright limits its annual outlay for prizes to $520,000; anything over that comes out of the producers' pocket. So far, Van Doren's winnings have been running Barry & Enright into the hole at the rate of $2,200 a week. Nevertheless, they are eager...
When the Minneapolis Lakers made lanky Terry Rand their second-draft choice and offered him a $7,500 contract, Groom and Dee made a somewhat different pitch: Did Rand want to study law? Well, Denver U. had a fine law school, and an executive trainee with DC Trucking would have time for classes as well as practice sessions and some 30 games of basketball a season. A trainee would get $400 a month salary plus all the fringe benefits, including a sizable bonus. And who knows? Rand might like Denver Chicago and go on to make transcontinental trucking his career...
...slow building; e.g., because the new highways must have milder curves, contractors will cut through hills, not go around them. The demand for better roads will give an edge to the big contractors, since state highway officials are expected to parcel out longer pieces of road in a single contract, rather than chop them up in six-or seven-mile bits for smaller local operators. This should not pinch the small man, because the pie is big enough for all. But it will make for efficiency. As U.S. Public Roads Commissioner C. D. Curtiss said last week...
...court's decision cleared up a dispute between the Lion Oil Co. of El Dorado, Ark. and the Oil Workers International Union, which called a strike to back up demands in 1952, when their long-term contract could be opened for modification. Though the union gave the required 60 days' notice, the company held that it violated the Taft-Hartley Act because the contract had merely been reopened, not terminated. The National Labor Relations Board ruled in favor of the union, but a circuit court overruled NLRB. By ruling that the term "expiration date" can refer...
...question is of major importance in the negotiation and administration of hundreds of collective-bargaining agreements throughout the country." So said Chief Justice Earl Warren last week, as the U.S. Supreme Court settled the question of whether the Taft-Hartley Act bars all strikes for the duration of a contract. The court, in the unanimous opinion written by Justice Warren, held that unions can strike to back up demands made under reopener clauses in long-term con tracts even though the contract has not expired-provided that they give the 60-day notice required by Taft-Hartley...