Word: coste
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Dates: during 1950-1959
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...furnishing their buildings will start operating in July with a $4,500,000 grant from the Ford Foundation. President of the Educational Facilities Laboratories, Inc., announced this week: 48-year-old Harold Gores, superintendent of the top-rated Newton, Mass, schools. The goal, says Gores, is to cut building cost, so that "facilities needed in the decade ahead need not gobble up all the available money for education. The teacher is really much more important than the bricks." The center will give advice, and from time to time it will finance experimental construction that would be economically too risky...
...This fooled no one. Behind closed doors Reuther himself had told unionists that they must cut their demands, take "a more realistic" approach to bargaining. He decided to drive for a 10? hourly wage boost (v. 7? offered by management) plus better unemployment benefits, sliding-scale pensions pegged to cost-of-living, and other fringe benefits...
Pressure. Last week the automakers countered by putting on more pressure for an immediate two-year extension of the current contracts. They warned that some 600,000 U.A.W. members covered by the Big Three contracts will not get their annual 2½% wage boost (averaging 7?an hour) and cost-of-living hike (averaging 2?), due on June 1, unless and until the union signs a contract. In the past, whenever the U.A.W. won a raise, the companies also raised nonunion and salaried employees the same amount. This week the Big Three automakers gave 2½% wage boosts and cost...
...jetmaker is happy about getting into the secondhand plane business, because that market is already poor. As recently as 18 months ago, demand was so strong that fully depreciated planes could often be sold for more than they cost; ancient DC-3s were bringing $140,000 v. an original cost of $85,000. But with turboprops and jets on the way, airlines lost interest in slower aircraft, and prices tumbled 40% to 60%. American Airlines, which has four DC-7s currently for sale and may have up to 25 more by July 1959, is asking...
...conferences operating in U.S. foreign trade try to freeze out the independent shippers by a "dual rate" policy, i.e., rates up to 10% lower than standard for customers who use only conference ships. Isbrandtsen has refused to join such conferences, holding that they are cartels that add to the cost of foreign trade and discourage free competition. In the early 1950s the line captured 30% of cargoes between Japan and the U.S. East Coast (with only 11% of the sailings) by setting prices 10% below those of the Japan-Atlantic & Gulf Freight Conference, a group of 17 predominantly Japanese...