Word: past
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Dates: during 1970-1979
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...poignant milestone in automotive history. Last weekend movers cleared out the four-room, twelfth-floor corner suite in Dearborn, Mich., from which Henry Ford II for most of the past 34 years had run the auto empire founded by his grandfather. Though Ford, 62, will remain as board chairman, he has stepped down as chief executive, ending three generations of day-to-day family management at the nation's third largest industrial firm. His departure is not at an auspicious time in Ford's fortunes. The domestic auto business faces serious problems, but Henry Ford, following a careful...
Managers, secretaries and production workers are painfully aware that when they get a pay raise, the extra dollars that they take home after taxes rarely begin to cover the increased costs they must bear. In the past year, as a result of the ravages of double-digit inflation, real incomes have fallen on average by more than 4%. What is less obvious is that the squeeze on purchasing power has become as much of a problem for employers as for employees...
...past, employers have sought to sweeten compensation by increasing the generally nontaxable benefits, such as health and education programs, and even company-paid memberships in fitness programs. Between 1967 and 1977 corporations raised the dollar value of these benefits at an average annual rate of 17%; over the same period, cash wages and salaries went up only 10% a year. Boosting benefits is much more difficult now; they are included in the guidelines calculations and are becoming costlier to provide, especially in the case of medical insurance plans. Last year such benefits rose by only 9.5%, and almost...
...despite the tremendous odds, the Chinese may yet succeed in closing the gap. As Chairman Hua told his nation's technocrats last year, "Facts past and present show that we Chinese too have a head and two hands and are no stupider than other people...
Super senior Sue St. Louis tallied next when she took a tip from Cat Ferrante down the field past a lone Terrier fullback before left-footing it into...