Word: joblessness
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Dates: during 1950-1959
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...discouraging to find . . . that Reuther won from Ford and G.M. the "principle" of the guaranteed annual wage . . . The controlling word is "guaranteed." The auto workers under the new contracts are guaranteed nothing . . . The only "guarantee" is that the companies will pay 5? per hour per worker into a jobless benefit fund. The benefits to the workers vary with the amount of money in the fund. If either company went through two straight years of heavy layoffs, by the end of that time there would probably be no benefits at all. Is that "guaranteed"? . . . The fact is that Reuther...
...gold ballroom of London's Claridge's Hotel, Yugoslavia's jobless ex-King Peter, out for some quick sales, autographed copies of his new autobiography, A King's Heritage, for anybody with the price of the book. "When I wrote my memoirs for the American market," he confided to loiterers, "my publishers told me to get in as many names as possible, because it would sell better." Then, after sending fancy editions of Heritage to Britain's Queen Elizabeth II, Queen Mother Elizabeth and Sir Anthony Eden, he went off to No. 10 Downing Street...
...construction industry also broke a record. The U.S. Commerce and Labor Departments reported that spending in January for private construction topped $2 billion, up 20% from 1954 levels. Although unemployment took its usual January climb (mostly because retailers laid off temporary Christmas help), the new jobless (500,000) were 35% below last year's January layoffs. The new Labor-Commerce unemployment index (100 equals 1947-49 average) showed that unemployment has dropped steadily from 140 last summer to 114 in January...
...star General of the Army Douglas MacArthur, 75 this week, the six-star honorary title of "General of the Armies of the United States." Only American so honored previously: John J. ("Black Jack") Pershing, commander of the American Expeditionary Forces in World War I* With nothing to lose, throneless, jobless ex-King Peter of Yugoslavia told some London newsmen that his ex-realm's Marshal Tito will be tossed out of power by 1975 (when Tito will be an oustable 84). Said Peter, who is planning to make a U.S. lecture tour this fall: "He is having quite...
...other Italian family mottoes handed down from the age of feuding dynasties. Soldier Graziani was 32 years old and a loud-voiced, hulking 6 ft. 4 in. when World War I broke out. But though twice wounded and twice decorated, he found himself among Italy's millions of jobless at war's end. When the government called for volunteers to "pacify" Libya, Graziani rejoined the army. A year later Benito Mussolini, the new Fascist leader, took over, and Graziani was on his way to becoming a hero again...