Word: wage
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Dates: during 1960-1969
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...Nearly all the 8,000,000 strikers were back at work, and the Sorbonne was calm again after Paris police dislodged the occupying young revolutionaries. Even so, France felt the severe economic consequences of the disorders. Rising food costs have already canceled out much of the 12% to 14% wage hikes that the strikers won. A drastic fall-off in tourism (some hotels report bookings down 50%) means more economic squeezes ahead...
...dark, and all 19 of its shows were closed. At that point, Mayor John Lindsay, an avid theater buff himself, made an entrance in answer to a union appeal, and hosted all-night negotiations at his Gracie Mansion residence. Finally, the surprise ending: settlement of the strike (terms: weekly wage increases of $15-$25, protection of U.S. actors against replacement by aliens) and reopening of all but three of Broadway's shows-which had been about to expire anyway. Explained Merrick: "Actors always have to be very dramatic, and they just wore me down during the negotiations. About...
With French workers winning wage increases averaging 15% this year aviation men estimated that the plane's $20 million price tag will climb by another $700,000-perhaps more. "The increase in French costs is bound to have an adverse effect on the Concorde," said John Stonehouse, British Minister of State for Technology, "because it will be more difficult to sell outside France and the U.K." Indeed the delta-winged plane is already encountering sales trouble: airlines have signed options to buy only 74 Concordes-and the figure has remained static for a year. Even with sales...
...more than two years, the regulatory Federal Communications Commission has been digging into Bell rates and procedures in the first thoroughgoing investigation of A.T. & T. since the 1930s. Only last month the company ended a nationwide strike-its first since 1947-by agreeing to an inflationary 6½% average wage and benefit increase. Three weeks ago, in a speech just before his retirement from the Justice Department, Trustbuster Donald F. Turner evoked an old ghost by saying that new action aimed at divesting A.T. & T. of its manufacturing subsidiary, Western Electric, might be "in order." And this week, with...
...thereupon ordered interstate phone rates cut by $120 million, or about 3%. After a vigorous appeal, Bell got the FCC to temporarily suspend $20 million of the cut. Two weeks ago, A.T. & T. petitioned to have the $20 million thrown out altogether to compensate for the recent wage settlement and other rising costs...