Word: wage
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Dates: during 1950-1959
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...month steelmen anxiously waited for U.S. Steel, the industry's pace setter, to raise its prices to match the automatic July 1 wage increase (cost: 26? an hour). But Big Steel, which led the industry in eleven of the twelve boosts since World War II, this time plainly intended to let someone else lead the way-and take the political walloping that was sure to follow. Moreover, Big Steel probably needed a raise least, because of increased efficiency in its operations (see below). Last week Armco Steel's President R. L. Gray finally took the step, raised...
...votes of ex-Dictator Juan Peron's diehard followers, Frondizi nevertheless received his sash of office from the military men who had booted Peron, and he is still torn between these two suspicious, irreconcilable forces. Early this month the Peronista "tactical command," already rewarded by a 20% blanket wage increase and a political-amnesty bill, met behind guarded doors in Buenos Aires and twisted the screws tighter. Frondizi got word to drop all court cases against Peronistas, return all Peronista property, and fire the federal judges appointed by the military regime...
...ranging from four points in both industrial goods (machine tools, aircrafts, etc.) and consumer durables. Even more meaningful was the news on personal income. Though total personal income has held remarkably stable throughout the recession, serving as a needed ballast for the whole economy, April's rate for wage and salary disbursements had still dipped to a worrisome low of $232 billion, down $6.1 billion from 1957. In June the figure climbed back up. The total: up $3.3 billion to $235.3 billion. If Social Security and veterans' payments, which hit new records this spring, are counted in, total...
...tape. One important drawback is that the guaranty program does not insure against devaluation, by which a nation can halve the value of its currency-and a firm's profits. Nor does it protect against sudden policy shifts, involving unfair import quotas, unfavorable exchange rates, discriminatory tax and wage laws or even government-inspired labor unrest...
...stuff in his blood. He taught himself to play because nothing else seemed to him more worth learning. His mother took in washing; his father was a railroad hand who advised his son to get some kind of steady colored man's job that carried a sure weekly wage. But Edgar Pool could hear nothing but the music within him. So he played, badly at first, but doggedly, and at last The Horn became so good that jazz fans and jazz pros alike revered him. There was always too much booze, and when it failed to give...