Word: less
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Dates: during 1980-1989
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...company's 700 employees are perspiring heavily these days. The workers have stepped up their productivity 10% over the level of two years ago without any major improvement in the food-processing equipment at their disposal. Yet for all their labors, the workers are not getting more pay but less. Last March they accepted wage cuts of 17%, from $7.06 an hour to $5.85 for most packers. They had little choice: the new arrangement saved their jobs, which were threatened by low-priced frozen imports from Mexico and Central America...
...wage protection that spread widely during the high-inflation 1970s. Many corporations are seeking to replace regular pay raises with annual bonus systems. These lump-sum payments, common in executive circles, expand and contract with a company's profitability. The advantage for employers is that the bonuses cost less over the long haul because they do not compound year after year, as raises do. Last October, Boeing reached an agreement with its machinists that froze basic wages while granting annual bonuses that will average about 7% of their base...
...Painting Was Dead. Henceforth the future would belong to videotapes, "propositions," "events" and bits of string on the gallery floor. The exequies over the body were as solemn as they were premature; dust devils of argument spun through art magazines, scattering the ashes. Though no prophecy could have proved less correct -- painting has filled the horizon of American art in the '80s, almost to the point of monopoly -- a young artist needed cussedness and conviction to reject the tribal wisdom...
...automated-teller machines used by most banks generally offer 24-hour customer service, but less often for free. According to the Bank Administration Institute, an industry trade group, by year's end 63% of banks with ATMs are likely to impose charges for the use of their money machines. Some charges are hefty: 75 cents per transaction at Chase Lincoln Bank in Rochester for using another bank's ATMs, or $1.50 at Pittsburgh's Mellon Bank for using a nationwide ATM system...
Even so, the President and some of his top aides felt frustrated. The requirement to notify Congress of covert operations was constraining; Casey in particular believed in telling the legislators no more than the law required -- and sometimes less. Worse, when covert actions made necessary the participation of a skeptical, often skittish, federal bureaucracy, it seemed to place roadblocks in Reagan's way. Some congressional sources are pursuing the theory that in early 1983 the President and a few top members of his Cabinet decided to move some covert operations to the National Security Council staff, which, because...