Word: wage
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Dates: during 1930-1939
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...bond interest was paid promptly. Last week, however, with "deepest regret," the Browns announced that they would have to default their obligations. They admitted that business was better in the first half of this year but declared that renewed price-cutting following the death of the Blue Eagle plus wage boosts, plus increased freight rates, plus rising raw material costs, had again pushed their operation into the red. Furthermore, a financial reorganization under the Bankruptcy Act now seemed imperative...
Fierce was Labor's unsuccessful fight to put the principle of "prevailing wages" into the Work Relief Bill. Mortal is Labor's fear that if it takes less than union pay from the Government, private employers will use that precedent to smash its whole wage system. Hence New York's Central Trades & Labor Council was able to call union men off their WPA jobs last week, get them to make a quixotic gesture of Labor solidarity...
...Arsenal, angrily announced: "We accuse extremists, Communists, of provoking this trouble! We accuse especially the professional agitator Balliere!" After going to work again, the 6,000 proletarians at Brest Arsenal showed where they stood by abruptly stopping work for an hour in a "folded arms protest" against the 10% wage cut decreed for state employees by budget-balancing Premier Pierre Laval (TIME, July...
...expense. Meanwhile the men's leaders wrangled in Paris with Minister of Merchant Marine William Bertrand, saddest man on the Normandie's maiden voyage.* Since employees of the French Line are paid largely by State subsidy, M. Bertrand insisted last week that they must take the 10% wage cut State servants must take. But this sternness M. Bertrand followed by a question. Would the French Line crews go back to work at 10% lower pay if given overtime work regularly enough to bring their total earnings up to the present level...
Chief reason for hanging Pierre Laval: the Premier's drastic wage slashes, affecting huge numbers of already underpaid Frenchmen. Chief reason for not hanging Laval: his equally drastic efforts to force down food prices, rents, etc., along with wages in a great "Equality of Sacrifice" to keep the French franc at its present gold value. Last week Premier Laval, who locked up his Cabinet for 14 hours while the Ministers wrangled over and finally approved his first 28 emergency decrees (TIME, July 29), locked them up again and got action on some 40 more decrees. As before, these were...