Word: expectability
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Dates: during 1950-1959
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...most ballyhooed babies of the century, the four surviving Dionne quintuplets-Marie, Annette, Cecile and Yvonne-gathered at Marie's Montreal apartment to celebrate their 24th birthday, let word slip out that Cecile, married to TV Technician Philippe Langlois, and Annette, wife of Finance Company Agent Germain Allard, expect babies within four months. Both girls allowed they wanted lots of children but no quints: "Too much publicity...
...York Stock Exchange. The recession has scarcely slowed the growth of the popular "open-end" funds.* While sales of the mutual funds' shares were off a bit in the first quarter, in April they rose to $122 million, v. $113 million in April of 1957, and the funds expect 1958 to be even bigger than...
...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-of-living hikes to their 173,000 nonunion and salaried employees. It was a strong hint that the U.A.W. can expect little more...
Settlement? Detroit dopesters expect that the U.A.W. will settle soon for very close to what management offered originally-the extension of current contracts -plus a few face-saving fringes, such as higher and longer supplemental unemployment benefits. Auto workers would get something more than a 9? package v. the 35?-to-45? package that Reuther originally demanded. Such a settlement would be considerable, considering the slump, but less than Reuther has signed for in the past. To date, his most modest settlement was an 11? boost...
...prices. The U.S. can no longer operate on the premise that maximum employment, i.e., 4% jobless or 2,700,000 workers, is compatible with stable prices. Unless it is willing to accept the idea of close to 5,000,000 unemployed as "reasonably full employment," then it must expect a continuing rise in prices...