Word: net
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Dates: during 1960-1969
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...assertion that steel is a price bellwether for the whole economy, Blough observed that steel prices held level from 1940 to 1944, "but this did not prevent a substantial inflation." Conversely, he recalled, steel prices rose about 30% between 1951 and 1956, but "there was virtually no net change in the wholesale price index...
...show only 1,481,000 Teamsters. Significantly, the union boasted 1,565,000 members before it was booted out of the A.F.L.-C.I.O. in 1957 for corruption. Thus, despite four years of trying to organize anything that walks or moves on wheels,* Jimmy Hoffa has actually had a net loss of 84,000 potential contributors to his million-dollar slush funds...
...temperamental tennis-court out-hursts have earned moody, meteoric Dennis Ralston. 19. the U.S.'s third-ranked amateur player, the nickname "Dennis the Menace." A racket kicker and net pounder whose uninhibited language has occasionally curled the hair of spectators and court officials. Ralston was sentenced to one year's probation last winter by the august U.S. Lawn Tennis Association for his displays of temperament in the U.S. and Australia. Despite his adolescent antics. Ralston's graceful style and big serve made him one of the top favorites to beat out Australia's Rod Laver...
Reason for the U.S.L.T.A.'s action: Ralston blew up while losing a doubles match to Mexico in the American Zone Davis Cup finals in Cleveland last month. Weakened by a throat infection. Ralston tossed and kicked his racket, slammed the ball into the net in disgust at his own errors, swore loudly as he fell after being faked out of position. The stern arbiters of the U.S.L.T.A. seemed unimpressed by Ralston's impeccable behavior at Longwood against the same Mexican team that beat him and McKinley at Cleveland. Nor were the prim chaperons of U.S. tennis moved...
...labor costs. In Japan the incentives are to offset a lack of skills that makes quality control difficult or to compensate for the high cost of imported raw materials. European firms are often spurred on by labor shortages to find means of increasing production without additional manpower. Nonetheless, the net effect in both Europe and Asia is a labor saving that shows up in productivity gains that, in most cases, outstrip the U.S. rate of increase. While U.S. manufacturing productivity has risen 15% since 1953, West Germany can point to an increase of 53%, Japan 71% and France...