Word: paye
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Dates: during 1960-1969
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...certified as America's own cultural contribution, the music world has pretty well taken it into the family. But only as a sort of stepsister. Classical musicians and listeners accept its presence, but they don't necessarily understand it, much less like it. Even the compliments they pay it-such as Stravinsky's frequently ex pressed fondness for its syncopated rhythms- tend to miss the point and be come condescending...
...course, the optimistic view is neither unanimous nor total. Many experts think that unemployment may jump briefly from its present low of 3.6% to a range of from 4½% to 5%. Painful though that would be to the workers affected, the situation would help to curb inflationary pay increases. Chicago Economist John Langum expects a drop in business inventories, corporate profits, personal income and consumer spending to add up to "a moderate recession." In any case, the impact of peace will hit industries, areas and manpower unevenly. Many industries likely to lose war business-autos, textiles, rubber, for example...
...invest more than $3,000,000 in its first venture in home building, and split profits with Brown & Kauffmann. Most of the money is to be borrowed from Metropolitan Life Insurance Co. at a rate (71%) well below that which the home-building firm might itself have had to pay. Though small companies still dominate the housing business, the trend is running clearly in the other direction...
...income of close to $200,000 a year. At least 10% of the millions of rose plants sold in the world every year, he says, are Meilland's. Since the success of Peace, professional rose-growers around the world buy his breeding stock, propagate it by grafting, and pay him royalties of 100 to 500 on each bush they sell. "We are a research laboratory whose sole purpose is to create beautiful roses," says Alain, as he points proudly to the family's 15 acres of greenhouses and gardens on the French Riviera's lush...
Thus it is surprising that phone workers actually chose to strike over their demands for higher pay-which is up for regular renegotiation under "wage reopener" clauses midway through their three-year contracts. Most of the militance comes from the C.W.A.'s 23,000 central-office installers. The highest-paid men in the industry (earning some $3.27 per hour v. $2.76 for the average phone worker), they have hooted down industry offers of a 71% pay increase over the next 18 months, are demanding a whopping...