Word: lowerers
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Dates: during 1960-1969
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...Once the gangsters have taken over a union?they find their easiest prey in unskilled and semiskilled occupations?they can guarantee both labor peace and a competitive edge over other companies in wages and benefits. There is, of course, a fee, but that is often lower for the businessman than the real costs of strikes or higher wages...
Staunch friends and followers were among the most deeply hurt by Shannon's decision. Father John Reedy, editor of the Catholic weekly Ave Maria, voices the fears of many in the magazine's Aug. 23 issue. "Morale sinks lower," Reedy writes. The marriage is a "cloud of distraction" that may now encourage conservatives to "tune out all that Bishop Shannon was saying because 'all the time, he just wanted to get married.' " Underground churches, says Reedy, will be tempted anew to disregard church discipline, however much Shannon himself may protest-as he still does-that...
Wexler insists that he will continue to work against the usual commercial grain, using a small crew to give him greater flexibility of movement and lower budgets. "On most Hollywood movies," he complains, "there are guys on a set to shove chairs under you. But that's how I'll keep my independence -I'll never sit down!" Keeping him on his feet (which are rather improbably shod in red and white Swiss-made track shoes) will be a new project about a couple of young college film makers who get an idea to make "the ultimate...
...pound hit a record low of $2.3813 in London, apparently because the Bank of England felt it safe to support the price at a lower level than the $2.3825 it usually tries to maintain as a floor. The value of the U.S. dollar dropped against the mark in Frankfurt but held steady elsewhere. The free-market price of gold moved scarcely at all-even though that volatile price is supposed to shoot up on any widespread doubts about the value of paper money...
Only Right. Carmakers grant rebates to dealers on autos sold during the cleanup. The average rebate is $200, but it can run much higher on expensive models. This bonus is what enables dealers to pare prices in late summer. It is only right that the buyer pay a lower price than usual because a car sold late in the model year has already suffered a good deal of depreciation; in a few weeks it will be "last year's car," worth about $700 less for a compact and $2,000 less for some luxury models. During the next...