Word: wage
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Dates: during 1950-1959
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...schools, hospitals, recreation halls and swimming pools. To appease Saudi pride, it has replaced Americans with Saudis as fast as Saudis can be trained. Today its payroll includes 14,000 Saudis v. 3,000 Americans. To avoid any charge of discrimination, Aramco allocates living quarters on a basis of wage scale and competence rather than nationality. Nineteen Saudis who have reached "senior staff" ratings live in the senior staff camp among their U.S. colleagues...
General Franco's notorious inability to think of any solution for the problems that beset Spain was never more in evidence than in the past month. A heavy-hoofed inflation is galloping through the Spanish economy. Franco's henchmen handed down two wage increases last year, and though they tardily ordered shopkeepers to keep prices pegged, the cost of living has leaped 25%. Last week, spurred by an announced 20 centimo (½?) rise in streetcar fares, the people of Barcelona (pop. 1,280,000) decided to make a protest. Word raced through the Catalonian capital...
...letter from Hungary was written by a young engineer, just a few years out of college, probably in his mid-20's, and married. He complained that his working wage was too low, and that consequently he did not have enough money to buy himself or his wife winter clothing. Aparently they had lost many of their belongings during the revolution...
...Freedom," he said, capsuling his own political philosophy, "has been defined as the opportunity for selfdiscipline. This definition has a special application to the areas of wage and price policy in a free economy. Should we persistently fail to discipline ourselves, eventually there will be increasing pressure on Government to redress the failure. By that process freedom will step by step disappear." From the inflation danger, the President went on to a broad survey of plans and hopes for the year ahead. Highlights...
...million, though 1955 earnings of 6% on sales were not as favorable as Allied Chemical's profit of 8%, Du Font's 22%. But Faina's goal is as American as apple pie, though it may seem as unlikely in cartel-minded, low-wage Italy as pie in the sky. Says President Faina: "I want every workingman to have 100 shares of Montecatini, a home of his own, a car. a refrigerator and television in his living room. It can be done, and we're going...