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...increase, reported that only 62,000 workers in 15 low-wage industries had been laid off in the first impact of the $1 minimum-wage hike. The strongest arguments against a boost were made by the director of economic research of the U.S. Chamber of Commerce, Emerson Schmidt. But a survey he introduced to support his position granted that "in a majority of instances, the $1 minimum wage appeared to have little significant influence on unemployment, either in the short run or the longer...

Author: /time Magazine | Title: Minimum Wage Hike.: A Poor Idea During a Recession? | 2/10/1961 | See Source »

...Leon Page of Coolidge, Ariz. My own flack had unfortunately broken down and the good doctor was kind enough to allow me to use his until mine was repaired. Dr. Page's flack is a much better one than my own, having been made in Leipzig by Gustav Schmidt, an old master flackmaker. Leipzig, as you know, was for years the flack center of the world...

Author: /time Magazine | Title: Letters: Feb. 3, 1961 | 2/3/1961 | See Source »

...citizen faced the new problems with uncommon concern, gamely tried to grapple with such subjects as the rate of economic growth, interest rates and the balance of payments. Even cartoonists turned their drawing boards into economics classrooms. So widespread was the sense of involvement that Charles H. Schmidt, vice president of the National Bank of Detroit, was led to complain: "We are becoming a nation of economic hypochondriacs." The hypochondria was caused by the fact that too many economists and businessmen misjudged the economy at the beginning of 1960. They predicted such a state of economic euphoria that the aches...

Author: /time Magazine | Title: Business In I960: Tough Prosperity | 1/6/1961 | See Source »

...Petersen Elder, Dean of the Graduate School of Arts and Sciences; Ernest Brooks, Jr. of New York City; David K.E. Bruce of Washington, D.C.; Huntington Cairns of Washington, D.C.; R. Keith Kane of New York City; Paul Mellon, founder of the Old Dominion Foundation, of Washington, D.C.; Adolph W. Schmidt of Pittsburgh, Pa.; and Stoddard M. Stevens of New York City...

Author: NO WRITER ATTRIBUTED | Title: University Will Manage Hellenic Studies Center | 1/5/1961 | See Source »

...treatment, the penguins enter the story as a kind of Greek chorus, representing hostile nature, and commenting with pitilessly unemotional detachment on the explorers' plight. Zillig's dissonant score proved to be as stark as the setting, with rare lyric interludes when Oates (Baritone Martin Schmidt) realizes what he must...

Author: /time Magazine | Title: Music: Atonal Antarctic | 1/2/1961 | See Source »

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