Word: minimum
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Dates: during 1960-1969
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...Extension of the minimum-wage law to cover an extra 4.6 million workers, some 1.5 million of whom now earn less than $1.25 an hour...
...Evening Sun, and Sunday Sun-carry almost as much advertising linage as the New York Times. By spending lavishly on news coverage, they make just about everybody's list of top papers in the U.S. But they spend precious little on their own employees. They pay a top minimum of $150 a week for experienced reporters; 61 U.S. papers pay higher salaries, including the Kenosha News, the Napa Register, the Pontiac Press, the Gary Post-Tribune. The Sun life-insurance policy pays only $500 per employee-not enough to cover burial expenses. The papers' nine-year-old pension...
Help from Washington. The present fracas dates back to last February when the Baltimore Guild merged with the far more militant Washington Guild, which had already won a $200-a-week minimum for Washington Post reporters. During acrimonious contract negotiations, handled by a veteran Washington negotiator, the Guild asked for a $172-a-week minimum and a union shop. But the best offer from management was a $10-a-week raise and no union security. Negotiations heated up and stalled. "The Sun people," said an observer, "are not used to people talking to them like that...
...company also picked up some problems along the way. Instead of sticking to acquiring existing real estate with a minimum of cash and a maximum of imaginative borrowing, Zeckendorf pushed Webb & Knapp into such unfamiliar enterprises as hotel management, urban renewal and building construction. By 1960, he had $500 million in construction projects under way. When costs began to skyrocket beyond his original estimates, Zeckendorf was unable to pay them. He began mortgaging his assets, borrowed money at excessive interest rates, some higher than 20%. He answered his critics by saying: "I'd rather be alive at 18% than...
...example, the government barred price increases by such state-owned enterprises as the Volta Redonda steelworks, whose prices soared 148% last year. Though businessmen yelped when Campos raised taxes and suggested that they trim profit margins, they lined up to take the price pledge with a minimum of arm twisting. Says Max Pearce, the boss of Willys-Overland do Brasil: "Who can take the risk of not signing up?" New applications are pouring in so fast that CONEP has had to set up six branch offices around the country...