Word: wildcats
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Dates: during 1950-1959
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Though the walkout failed to close down the five stores, it still cost dearly. Business in the stores slumped from 25% to 40%. As for the Teamsters, they lost close to $5,000,000 in wages and got no benefits from Boss Beck, who condemned their wildcat strike. For almost a year a third of Pittsburgh's 1,250-man police force was tied up patrolling the picket lines, and the city businessmen lost an estimated $100 million as shoppers stayed away from downtown...
...revolved around a company demand for a no-strike clause. The face-saving solution: if the union asks for a wage hike next year and does not get it, it may strike, but the company can terminate its contract if the union exercises that right. In case of a wildcat strike, the company will ask the union if it supports the action. If it does, the union can be sued; if it does not, the employees can be fired...
...Livingston and Ray Evans (Buttons and Bows), was astonishingly good. Both Satins and Spurs and You're So Right for Me may be sounding from radio and jukeboxes for some time to come. Betty Button's most infectious number was a novelty called Wildcat Smathers that featured a rodeo dance on a trampoline-like bedstead in her dressing room...
...drilling. Under the terms of last month's decree designed to stimulate development of the island's oil resources, the loan need not be repaid unless the prospectors strike oil. With close to a million acres under lease in the central Jatibonico Basin, where a wildcat syndicate last May opened up the country's first sizable oilfield, Cuban-Colombian agreed last week to drill six 4,000-ft. wells when geological surveys are completed...
When it comes to gambling on wildcat stock schemes, Australians take a back seat to few other people. They have tossed an estimated $202 million into 16 oil-exploration companies, although only three have sunk wells and only one (controlled by the California Texas Corp.) has struck oil. They have also invested $22 million in twelve uranium companies, of which only three are producing ore. A speculative boom sent stock prices so high this year that government officials felt compelled to issue warnings against the excesses. Last week the warnings proved wise...