Word: demanding
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Dates: during 1950-1959
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Wilt got a fat fee from Look for his story, will not be eligible for the pros until his college class graduates next year. But the figure of $25,000 seems to attract him. After he gets back from his barnstorming tour, he plans to demand just that amount in salary from the Philadelphia Warriors...
...first time in his twelve years as president of the United Auto Workers, Walter Reuther took a licking. With auto-industry contracts due to expire this week, Reuther last week jettisoned his key demand-for profit sharing. He issued a face-saving statement that profit sharing "was never a demand, but a mechanism for giving the stockholders, consumers, workers and managers their just equities.'' 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...
PILOTS' STRIKE at Western Air Lines has ended after three months. Main issue was pilots' demand that Western's soon-to-arrive Lockheed Electra turboprops carry three pilots instead of two (TIME, May 5). In settlement that is important to whole industry, pilots agreed to put off debate until 60 days before jets arrive, and then to fly them while negotiations proceed...
...recession "an interim" between the great boom that ended last summer and another great boom that he expects will begin in the early 1960s. "It is likely to be difficult," he said, "to come out of this very rapidly." His reasons: 1) the artificial backlog of pent-up postwar demand has been satisfied; 2) the population boom is over for at least five years because of the low Depression-years' birth rate; 3) expenditures for new plants and equipment are likely to continue downward because of the nation's already large productive capacity; 4) consumer attitudes toward installment...
...Prices do not rise and fall in strict relation to the demand for goods and services...