Word: low
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Dates: during 1950-1959
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...Steel Corp.'s Board Chairman Roger M. Blough, was bent on halting steel's relentles's postwar trend: ever higher wages, ever higher prices-both up about 150% since 1945. With U.S.-made steel all but priced out of foreign markets and losing domestic markets to low-cost foreign steel (TIME. July 20), the steel industry finally decided to hold out against a wage boost unless the union conceded management more freedom to trim costs by cutting down on "featherbedding and loafing...
...hours last week. Wild Horse Annie told her story to 16 interested members of a House Judiciary subcommittee. The mustangs are flushed from their hilly retreats by low-flying airplanes, whose pilots pursue the animals across the prairies until they are near exhaustion. Then trucks take up the chase. Finally, the horses are lassoed with ropes weighted with truck tires or other heavy objects. The horses drag the weights around until they drop. Then they are hobbled, hauled into the truck. Wild Horse Annie documented all this with photographs that she took from the top of her car, while...
...Hurricane Center at Miami is certain that this fatal underestimation will not be repeated. Today's weathermen know that the strength of a hurricane depends on the temperature of the sea water, the temperature of the air up to 50,000 ft., the strength of inflowing winds at low levels and dozens of other factors, and that all the factors can be measured. The only problem is getting the information rapidly and accurately...
...With the low rents in Vatican apartments and the rock-bottom prices at Vatican City stores, this will give the Vatican citizen a considerable advantage over his Italian peer. A Grade 10 clerk in any Italian ministry, for instance, earns about $104 a month, minus about $11.20 deducted for taxes and social security. His Vatican opposite number will presumably get $147.20 a month without deductions, will pay 20% to 50% less for food and clothes...
...Low Wages. Many nations that once produced no steel or very little have begun developing their own industries, often with U.S. aid. India, for example, is modernizing and expanding its steel plants under the leadership of Steel Baron Jehangir Ratan Dadabhoy Tata, who has expanded his huge plant to a capacity of more than 1,500,000 tons of salable steel annually. Canada, once a prime market for U.S. steel, has steadily supplied more of its own needs from its growing steel industry...