Word: nickel
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Dates: during 1970-1979
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...election year 1976, the campaign button is becoming an endangered species, set back by high costs (up to a nickel a button) and competition from other forms of political advertising. "Television has made the biggest cut into our business," laments Frank Boston, a button manufacturer in Illinois. Now orders are 5,000 to 10,000 a whack, compared with as high as 100,000 in better button days. Another manufacturer, William Crookston of Los Angeles, is pinning his own hopes on producing buttons for fast food chains to distribute to youthful customers. Future generations may well ponder what turned...
...them Levi Strauss, use the system primarily to monitor depart-ment-by-department copying costs, but Leopold sees it mainly as a money saver. Says he: "Companies don't leave the petty-cash box sitting in the lobby, but each time the copier is used, it takes another nickel off the bottom line." Then again, bosses eager to save those nickels may have to reflect that many employees would accept controls on copiers about as eagerly as they would meters on the water fountain...
...strikes in 1947 and 1948 had left the coal industry vulnerable, unable to compete with oil and natural gas. So, in return for not opposing the mechanization that would make coal competitive, though it would throw almost 500,000 men out of work, Lewis extracted a royalty of a nickel on each ton of coal from the producers. With this nickel royalty, he founded the UMWA Welfare and Retirement Fund. The Fund is now worth over $400 million, but in effect Lewis had tied the union to the royalty. The UMWA had a vested interest in maintaining a high level...
...right-winger. The effort failed. Laborite Geoffrey Robinson, 36, a Yale-educated former manager of Jaguar Motors, was elected by a comfortable margin of 17,118 votes to 13,424. How did the Labor government manage to remain so strong despite the White Paper? TIME London Bureau Chief Herman Nickel cabled this analysis...
Strained Economy. The hot pursuit of guerrillas into Mozambique seemed an almost suicidal provocation, since Smith's government, primarily for economic reasons, cannot afford to alienate Mozambique. Landlocked Rhodesia sends more than half its exports (principally tobacco, asbestos and nickel) through Mozambique to the Indian Ocean ports of Beira and Maputo (formerly Lourenço Marques); Machel could cut off those lifelines. Indeed, at week's end Mozambique authorities arrested 16 Rhodesian railwaymen at the border station of Malvernia, forcing Rhodesia to close the line to Maputo in protest (the Beira line was unaffected...