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...military production during World War II, and sparkplugged its huge, postwar expansion program. Production and raw-materials procurement flourished under his regime, and the tense, postwar labor situation was greatly eased when he sold the U.A.W. a five-year contract gearing hourly wages to the cost-of-living index...

Author: /time Magazine | Title: National Affairs: Man from Detroit | 6/1/1953 | See Source »

...more flexible formula will gear pay to the Government's new cost-of-living index. Wages will rise a penny for every index increase of .6%, drop a penny for every decline of .68%, compared to a rise or fall of 1? for every 1.14 points in the old index...

Author: /time Magazine | Title: MANAGEMENT: G.M.'s New Pattern | 6/1/1953 | See Source »

Possessors of such diverse items as three different versions of the New York Times Index and numerous bibliographic of bibliographics, the reference librarians hardly know where to start when space limitations demand weeding. Thinking themselves safe in disposing of the Dictionary of Islam on adding the ten-volume Encyclopaedia of Islam, they were appalled when, within an hour, a long-haired scholar came to the desk inquiring after the dictionary. The problem of arranging the variegated collection has proven even thornier. In trying to place the reference works on history, language, and geography in a logical order, the staff could...

Author: By Robert A. Fish, | Title: Romance and Reference | 5/25/1953 | See Source »

...Currency Committee, of which he is chairman. Actually, his position was not inconsistent. The day after the Korean war began in 1950 he had proposed an immediate price-wage-rent freeze. His proposal was snubbed; controls were not imposed for seven months. In those seven months the wholesale price index rose by 15%, the consumer's index by 6⅔%. These increases, Capehart argued, left no foundation for sound controls. He fought Truman's belated program every step...

Author: /time Magazine | Title: National Affairs: The New Model | 5/25/1953 | See Source »

...many retail prices. And even hough some retail prices are still rising the worldwide price trend, forecast by commodities is downward. Many of the commodities, like wool and rubber, which had the biggest rise right after the Korean war, have had the sharpest fall since. The Government's index of all commodities (2,000 separate items) is not far above its pre-Korea level, but some key commodities (e.g., fats, oils and fibers) are below the June 1950 level...

Author: /time Magazine | Title: STATE OF BUSINESS: End of Inflation? | 4/13/1953 | See Source »

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