Word: settings
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Dates: during 1950-1959
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...major buttresses of a healthy and growing economy-industrial production and personal income-last week set new records. The Federal Reserve Board reported that U.S. industrial production in May climbed to a record high of 152% of the 1947-49 average, two points above the month before, and six points above the pre-recession high. In the nation's mines, mills and factories, broad production gains were chalked up in farm machinery, trucks and autos, building materials, metals, clothing, textiles, chemicals and paper. Auto production in U.S. plants was up 3.6% over the week before to 131,584 cars...
...difference is that management uses steel shipments per man-hour to arrive at its figure and the union uses output per man-hour, while each selects productivity figures over different periods. This is just the sort of thing that caused Government agencies to shy away from choosing a set of statistics...
...over the years they could conceivably build up to the point where a future president might get more than under the old bonus system. No Bethlehem executive is so optimistic as to expect bonuses to return to what were the really good old days. In 1929 President Eugene Grace set an alltime record by collecting $12,000 as salary. $1,623,753 as bonus...
Ever since the late Charles M. Schwab took over Bethlehem Steel in 1905 and set about making it the nation's No. 2 steelmaker (after U.S. Steel), the company has prospered by paying the fattest executive bonuses of any U.S. corporation. Last year Bethlehem's President Arthur Homer received $100,000 in salary, plus $411,249 in bonus, making him the highest-paid U.S. corporate executive. For years many Bethlehem vice presidents have been paid more than presidents of larger companies. Last week Homer and the 19 other Bethlehem executives who share in the company's lush...
...Lewis & Clark expedition found in 1805. During the American Revolution, he offered his services to General Washington, fought briefly for the British after he was turned down. After the war, in one of U.S. history's more jarring ironies, his name was listed among those forbidden to set foot in New Hampshire...