Word: pay
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Dates: during 1940-1949
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Your article on the British economic crisis [TIME, Aug. 29] practically ignores the U.S. tariff as a cause of Britain's dollar hunger. How much importance should be attached to it, and what are the facts? I wish to buy an English overcoat this fall. If I pay $100, how much of it will go to our Government as tariff ? How much will stay with the American merchant as profit? How much will get back to England...
...Reader Battle's typical coat is divided roughly three ways: tariff charges are about $18.50, U.S. traders (who bear the costs of handling & merchandising) get $31.50. The remaining $50 goes to the English manufacturer, who can then pay his bills for imported wool...
...production might ensue." Steel workers themselves "would run the risk of losing more than they had gained." Said the board: "In general, it seems desirable at this time to stabilize the level of wage rates . . . the union [should] withdraw its request for a general increase in rates of pay...
...Human Machine. The union did win one great advance. Murray's demands for social welfare had been 11.23? for old-age pensions, 6.27? for death and sickness insurance. The industry had gagged. It was particularly set against the idea of paying for pensions to which the workers themselves did not contribute. But the board, arguing that "a part of normal business costs is to take care of temporary and permanent depreciation in the human 'machine,' " upheld Murray. Although it trimmed his demands, it allowed 6? for pensions (to go into effect next spring), 4? for insurance. Many...
...enough to deny the accusations were almost all sent to the gallows. Scores of people were jailed, but a few hardy souls began to speak up against the hysteria; a Salem Quaker, a few clergymen, a Boston merchant. Those still in jail were quietly set free-on condition they pay the expense of their imprisonment...