Word: sharing
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Dates: during 1960-1969
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...companies claim that they have already settled 99% of the dollar value of suits brought against them. G.E. stockholders have something more to cheer them up. Last year, because the company paid much of the damage claims out of current earnings, G.E.'s record earnings of $3.44 per share had to be adjusted to $2.62. This year the company will pay all claims from a special reserve fund that it says is ample to cover the remaining suits...
...alleviated for developing nations, which would be able to borrow more readily from the international treasury. Nations suffering from temporary financial embarrassment, such as Britain, would be able to borrow fairly easily instead of devaluing. The Continental countries, by contributing their own currencies to the new reserve fund, would share in both the rewards and burdens of serving as banker to the world. And the increased supply of reserves would ease the pressure on the dollar because 1) the U.S. could easily borrow the new reserve units when it needed to tide over balance-of-payments debts, and 2) foreign...
...trying to install a computer that would cut costs and increase the speed of typesetting, the New York Post's Mrs. Dorothy Schiff said that her paper could not meet the "enormous tribute" demanded by the local I.T.U. boss, Bertram Powers. The union insisted on a 50% share in wage savings, but Dolly Schiff balked at any payout so long as the Post is financially rocky-and she chucked the computer...
...youngest. The 113-year-old I.T.U. looks down on the 32-year-old Guild as an upstart. The I.T.U. is a world unto itself, a "monastic and monolithic world," in the words of one top labor arbitrator. All its members work at essentially the same job, tend to share the same interests, see each other socially. The union provides almost cradle-to-grave security: a training center, a retirement home, generous pensions, burial expenses...
Though the New York Stock Exchange still dominates U.S. stock trading with 83% of the $72 billion-a-year market, its share has slowly been declining since 1962. At the same time, the regional exchanges have hustled their way to a 55% increase in trading volume. Together, they now do more business than the second-ranking American Stock Exchange, and are growing at a faster pace than either of the two Wall Street exchanges...