Word: worth
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Dates: during 1950-1959
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...came to Boyd, 28 miles north of Fort Worth, in the beefy person of hard-boiled Lee Cockrell, onetime stockyard worker and volunteer fireman, who was named chief of the town's three-man police force. Cockrell stopped the hot-rodders all right. He wrote as many as 80 traffic tickets in one day, used his ever-handy blackjack on some fresh guys who talked back. Indeed, some Boydsmen claimed Cockrell had clubbed them without any sort of cause. Perhaps, so:ne townspeople began to think, the hot-rodders had not been so bad after...
...Club of the Most Critical Moment) is dying, a roast-pig dinner is laid before him, and Taoist priests chant prayers that he will be transported to heaven. Women fold silver joss papers that cost 40? a 1,000 but are thought to be worth 1,000 silver dollars in paradise. The average traveler to the next world gets about 10,-000 pieces of silver, a ricksha, a medium-sized house-all made of paper. The better off, who can pay $330 for a big funeral, receive paper limousines, palatial mansions, four servants, a de luxe oceangoing liner, and even...
Argentina. A month ago, President Arturo Frondizi shattered his country's traditional go-it-alone oil policy by announcing that nearly $1 billion worth of oil development contracts were closed or nearly closed with a long list of foreign oil companies and investors. Argentina has an estimated 2.3 billion bbl. of oil in underground reserves, but snail-slow development forces the country to spend about $300 million a year for imported petroleum and petroleum products...
...workers will also take home cost-of-living raises averaging 3? to 4? an hour-while industry's earnings are expected to decrease by about $2.5 billion. Businessmen who championed long contracts as a prerequisite of labor peace now wonder if the game is worth the candle. As one top Government labor expert says: "People are becoming disillusioned. Three to five years is a long time in a period of economic change...
...other side of the coin is that long-term contracts often cost more than they are worth. Insiders say that General Electric thinks it paid too dearly for the five-year contract that it happily signed with the International Union of Electrical Workers in 1955's boom year, now wants no more long-term pacts. Union Carbide also signed its first long-term contracts in 1955-for three years-and once was enough. Labor costs have jumped most in precisely the areas where profits declined most. Last April, Union Carbide's contracts compelled it to hike wages...