Word: totalled
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Dates: during 1960-1969
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United Steelworkers President I. W. Abel allowed that he was "not totally happy" with the agreement, and a number of union locals showed their own displeasure by staging a series of wildcat strikes. Even so, the $1 billion-plus settlement was the biggest in the union's history. The contract will add at least 900 to the $4.93 the average steel-worker now receives in wages and benefits. By comparison, total compensation back in 1950 amounted to $1.91. Be sides a three-year pay increase of 440, the new pact calls for broadly improved pensions...
...tons. The industry is also concerned about competition from foreign steelmakers, who increased their inroads into the U.S. market by taking advantage of the abnormally high domestic demand for steel earlier this year. Steel from abroad is expected to account for at least 15% of the nation's total 1968 shipments...
...Clout. In threatening to divert Government orders from steelmakers adopting across-the-board price increases, President Johnson was brandishing one of the weapons that John F. Kennedy used in his 1962 price showdown with U.S. Steel.* While Government purchases account for about 8% of the steel industry's total output, it is questionable to what extent Government contractors can be forced to switch suppliers. Kennedy succeeded in beating back U.S. Steel's price hikes by persuading Inland Steel Co. to hold the line, but L.B.J.'s lame-duck status leaves him with far less clout than...
Susie No. 1. Since the merger, Atlantic Richfield has increased combined oil reserves from 1.8 billion bbl. to 2.1 billion, added 52 new producing wells for a total of 7,132, and built more than 500 new service stations while modernizing others. Now the Alaskan find is quite a layer of frosting on the cake. "Everybody else," says Anderson, "had pretty well written the Arctic Slope off because of cost, indifferent success, and the absolute need for a major discovery in order to have commercial significance." Atlantic Richfield thought about writing off the area too. On their 90,000 acres...
...eight states and parts of Canada, on the evening of Nov. 9, 1965, lights started to flicker and fade. The Big Blackout had begun. Before the Northeast groped its way back to normalcy, more than 4,000,000 man-hours of productivity were lost. The total is incomplete; it cannot be fully tabulated until Where Were You When the Lights Went Out? ends its run. Figure 1½ wasted man-hours per viewing...