Word: demand
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Dates: during 1960-1969
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...circulation. Now they will be joined in the banknote bonevard by four less obscure historical figures: Presidents William McKinley, James Madison and Grover Cleveland, and Chief Justice Salmon P. Chase. The Treasury is stopping production of $500 (McKinley), $1,000 (Cleveland), $5,000 (Madison) and $10,000 (Chase) bills; demand for the big notes, first authorized primarily for dealings between banks in 1918, has dropped to a trickle because of checks and computers. For the vast majority who have never folded Justice Chase's (1808-73) piercing stare into their billfolds, little matter. But well-heeled collectors will note...
Embassy Snooping. It was the high court that brought the shadowy issue of electronic surveillance into the open in the first place. Last March, in the case of Alderman v. U.S., the court held that a defendant may demand to see the transcripts of any illegal bugs or wiretaps of his conversations, or those of people on his premises. The 5-to-3 decision forced the Government to yield not only its Hoffa records, but also those of ex-Heavyweight Champion Cassiu Clay's conversations with King and Elijah Muhammad.* Yet the Government had a far more important reason...
Accelerating demand for the repairman's services has turned him into a big businessman; estimates of his yearly volume range up to $12 billion. His business is also the leader in consumer complaints, which are climbing almost as rapidly as the wages of carpenters, plumbers, glaziers and electricians. Typically, the Chicago Better Business Bureau last year counted 2,178 protests against the performance of home remodelers, substantially more than the number of gripes registered against the runner-up, the auto-repair business. Home repair is characterized by maddening delays, shoddy workmanship and startling expense...
...enables contractors and repairmen to charge what they please and get away with it. The need for their services is enormous because few homeowners can perform any complex repair jobs themselves. Construction unions make sure that wages stay high by keeping the supply of craftsmen inadequate to meet the demand In the Oakland, Calif , area, the number of union plumbers, currently 900, is actually shrinking because the union is training only ten apprentices this year. Anachronistic spread-the-work rules prevent the most efficient use of the men who are available. An Oakland contractor who is a master plumber...
Among other things, CTIP strikers demand Italian (or at least European) managerial control, a 30% salary increase, employee profit-sharing and employee participation in company decisions. They have brought in CISL, Italy's powerful Christian Democratic trade union, to represent them, while McKee has the backing of Italy's Confederation of Italian Industry. Somehow, McKee President Merrill Cox must figure out how to regain control of a firm whose employees are its only real assets...