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...arbitration board-C. & N.W. Chairman Ben Heineman and Telegraphers' President George Leighty-canceled each other out.) The essence of Garrett's decision was that al though the C. & N.W. must discuss proposed layoffs with the union, the final decision would be the railroad's alone. To soften the blow to the union, the railroad agreed to give the union 90 days' notice of firings and to pay discharged telegraphers 60% of their annual earnings for as long as five years...

Author: /time Magazine | Title: Public Policy: An End to Featherbedding | 10/19/1962 | See Source »

...offer at Geneva to soften its demand for on-site nuclear inspection stations (see THE NATION), is based in part on the careful reckonings of a little-known Boston electronics company. Since its incorporation 15 years ago, Edgerton, Germeshausen & Grier, Inc., has timed or measured every U.S. nuclear blast...

Author: /time Magazine | Title: Corporations: Growing with the Mushrooms | 8/17/1962 | See Source »

Melbourne scored his biggest political success with Queen Victoria. When she succeeded to the throne at 18, Melbourne became her mentor, tried to soften her stern morality. In his wry way, he explained politics to her: "People who talk much of railroads and bridges are generally Liberals." In turn, the Queen adored Melbourne, disliked the less gallant Tories. But in 1841, his last year as Prime Minister, Melbourne unhappily noticed the change Victoria was making in the temper of the country. "This damned morality," he exploded, "will ruin everything...

Author: /time Magazine | Title: Books: The Indolent Statesman | 8/3/1962 | See Source »

...additional provisions to distinguish it from King-Anderson. It provides for identical benefits for persons 65 and over who would not be eligible for social security coverage; these benefits would be financed out of the annual general revenues of the Federal Government. The new bill also, to soften conservative opposition, provides an option recommended by New York's Governor Nelson Rockefeller: a social security beneficiary would have a choice between accepting the Government benefits or having the Government contribute toward the premium on a private health insurance plan providing equal benefits-but only if the beneficiary had been enrolled...

Author: /time Magazine | Title: The Congress: Familiar Figure | 7/13/1962 | See Source »

...that way.) One way to stir faster expansion is to encourage increased corporate spending by means of a tax cut. But pessimists hold that if the President waits until next January to apply his cuts, they may come too late to beget a boom, and be useful only to soften the effects of a recession...

Author: /time Magazine | Title: State of Business: Records that Deceive | 6/15/1962 | See Source »

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