Word: labor
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Dates: during 1960-1969
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Industrial companies have also learned to contribute generously to the cost of building new sculptures. Les Levine, whose transparent Star Garden was shown at Manhattan's Modern Museum this spring (TIME, May 5), built his work with $2,000 worth of plastics and labor donated by American Cyanamid. Businessman Don Lippincott is the angel behind the North Haven plant where Broken Obelisk was fabricated, invested $100,000 in it so that sculptors could produce works for civic groups and industry. U.S. Steel supplies Lippincott with its new Cor-Ten steel, which weathers to a russet brown, at a generous...
...Distortions. Confirmed optimists can find selected areas of statistical com fort. Though 555,000 workers remain jobless-a worrisome 2.4% of a labor force accustomed to full employment -the ranks of newly unemployed are now growing only moderately. Because fewer workers are turning out about the same amount of goods, output per man has climbed. But amid rising prices and escalating taxes, few Britons quarrel with Harold Wilson's forecast: 'This is going to be a difficult winter...
...refinery at Teeside in Yorkshire, the government rebated 45% of the cost be cause it lay in a depressed region. On top of that, notes a Shell managing director, F. S. McFadzean, "the Selective Employment Tax and another scheme known as the Regional Employment Premium reward hiring more labor at the plant in spite of the subsidy it already has for laborsaving equipment-and somebody else pays for it in higher taxes." He adds: "Profit is still a dirty word with this government...
...charging service industries $3.50 a week per male employee, the controversial S.E.T. was supposed to help channel more labor into tax-subsidized manufacturing jobs. Instead, service industries have added the tax to their prices and kept their help-while manufacturing employment has dwindled. All by itself, the S.E.T. has so far boosted the cost of living by 0.5%, according to Treasury estimates. Though pledged with the advent of North Sea natural gas to push Britain toward a cheap-energy policy, the government this month raised the price of nationalized electricity...
...plant of Magnavox, Inc.; at the other end, ABC-TV continued to operate while striking technicians pounded pavemejits. In all, the Federal Mediation & Conciliation Service was faced with calls to mediate 207 strikes affecting 261,000 workers in 32 states. Labor's continuing militancy (TIME, Sept. 22) is more than matched by hard-nosed managements, and the number of "major" strikes occurring as a result makes this the worst year for labor-management relations since...