Word: standardization
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Dates: during 1970-1979
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...Administration seemed to chalk up a qualified victory last week in the first major union settlement under President Carter's wage guidelines. After tense talks, the oilworkers finally wrapped up an agreement with Gulf Oil and Amoco. The deal more or less stays within the White House wage standard, which calls for a limit of 7% on pay and new benefit increases over the life of a contract...
...uncashed traveler's checks-that Amexco can make a handsome offer for almost any corporation. Last week it surprisingly bid for McGraw-Hill Inc., the publishing empire (1977 sales: $659 million) that produces Business Week, some 60 other magazines, newsletters and information services, as well as books and Standard & Poor's bond-rating service; it also owns four TV stations...
...collapse of the national 40-hour norm gives other unions a target to follow. Said a spokesman for the Federation of Unions: "A beginning has been made. From now on reduced hours will be a standard demand." That could mean trouble for Europe's strongest economy and the end of the social contract that had produced a quarter century of industrial peace. German labor may be catching the British disease...
...standard, some of the expenses run up by top brass at the 75,000-member Worldwide Church of God were boggling: $22,571 for a stay at the Hotel Plaza Athénée in Paris; $12,402 for six pieces of Steuben glass; $7,509 for furnishings at Church Treasurer and General Counsel Stanley R. Rader's pad in Tucson. In just one year, the lagniappe of church VIPs totaled more than $1 million...
...electric bass works beautifully, and Corea is literally all over the place--playing synthesizer, playing piano, stamping his feet with excitement. Appropriately, the encore is a Corea-Clarke duet; the chemistry between the two is obvious as they perform a free improvisation that is loosely based on the bop standard "On Green Dolphin Street...