Word: majority
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Dates: during 1960-1969
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Ostensibly, the problem was cash. The Major League Baseball Players' Association, which speaks for all the athletes through elected player representatives from each team, wants the club owners to enrich its pension fund with $6,500,000 for three years; the owners are offering $5,300,000. Yet as the infighting got nastier, it seemed to turn into a classic test of strength. On one side, an owner threatened: "If we can't use major-leaguers, we'll fill up our rosters with minor-leaguers." On the other, Marvin Miller, the $55,000-a-year negotiator...
Most fans found it hard to sympathize either with athletes whose average salary is $26,000 a year or with businessmen who are wealthy enough to own a major-league team. Their reaction was traditional: Play Ball...
...commercial banks earn about one-third to one-half as much as investment bankers, who are essentially in business for themselves. A vice president at a big New York City commercial bank may earn as little as $25,000 a year, though he can hope to become a major bank president at $250,000 or so. Partners at Lehman Brothers and other investment banking houses can earn $500,000 or more a year. Their incomes depend upon how much capital they contribute to the firm and the size of the mergers, underwritings and other deals that they bring in. Unlike...
Among the major new construction projects, the 800-room Hong Kong Hotel will open this year, bringing the colony's number of hotel rooms...
...more major hotels are due by the early 1970s, when tourism is expected to total 1,000,000 visitors a year. The local government is arranging financing for a $17 million runway extension that will open Kai Tak Airport to jumbo jets; it is also planning a $500 million subway and a $350 million road improvement, including a tunnel to connect the mainland Kowloon peninsula with Hong Kong Island...