Word: planting
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Dates: during 1950-1959
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...Edgar Finley Shannon Jr., 41, as fourth* president of the 140-year-old University of Virginia (enrollment: 4,468). He succeeds retiring Colgate W. Darden Jr., who nearly doubled the school's physical plant in twelve years. English Professor Shannon was a whiz-bang scholar and crack half-miler at Washington and Lee (1949). A Navy gunnery officer in World War II, he survived the sinking of the cruiser Quincy, won eleven Pacific Theater battle stars and the Bronze Star. He specialized in Tennyson at Harvard, earned his doctorate as a Rhodes scholar at Oxford's Merton College...
...economy. Despite the steel strike, most sectors of the economy are moving along steadily. To help offset a bigger drop caused by inventory depletion, the gross national product will benefit in the third quarter by increases of $1 billion in state and local expenditures, $1 billion in new plant and equipment, $3 billion in consumer spending. "Despite the crippling of one of the nation's chief industries," said the First National City Bank of New York in its monthly business letter, "the economy has been strong and vigorous...
...recruiting team through Germany offering competitors' workers big pay increases. Another employer offered to pay his men $9.52 to bring in a teammate. When a depressed Ruhr coal mine laid off 400 men, a Frankfurt rubber factory sent agents out to hire them. After a Swiss-owned electrical plant at Ladenburg burned down, competitors in Mannheim and Ludwigshafen rushed to the workers' homes with job offers before the ashes cooled...
Many workers are using their new popularity to get wages double or treble the union rate, while some employers are cutting working hours. When Volkswagen opened its new Kassel truck plant, 3,000 workers were put on a 4O-hour week v. 44 in the usual contract. Other plants offer cut-rate housing, fatter pensions, and so-called Thirteenth Salary, i.e., a month's pay at Christmas, now almost standard in Germany...
...offered to submit company demands for more leeway in making local plant manpower changes in the interests of efficiency to a three-man arbitration board for a binding decision in 60 days...