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...increase, thus setting a target for the rest of organized labor. To head off what could have been a nation-paralyzing strike, Congress voted to give a boost of 13½% to some 350,000 railway workers. Wage-push inflation got its strongest nudge in construction; union craftsmen wrung out raises averaging 17½%. As a result, many skilled workers will be earning about $20,000 a year by 1972. Building pay is so lofty partly because many of the 18 craft unions have for years resisted opening their ranks to newcomers...

Author: /time Magazine | Title: Business: 1970: The Year of the Hangover | 12/28/1970 | See Source »

...often does on an easy afternoon, Bell Labs Chemist Dennis Rousseau drove to some nearby handball courts last June and played a vigorous game. But this time his purpose was strictly scientific. After returning to work, Rousseau wrung out his sweaty T shirt, collected the perspiration in a flask, evaporated it to a gummy residue, and then carefully analyzed it with an infra-red spectrometer. He found exactly what he was looking for: his sweat exhibited spectral characteristics similar to those of the mysterious and highly controversial substance called polywater...

Author: /time Magazine | Title: Science: Doubts about Polywater | 10/19/1970 | See Source »

...Walter Heller, all former Chairmen of the Council of Economic Advisers, predicted that the auto increase could make "dismal reading" out of October price figures. Even that paper, however, conceded that inflation "at last shows signs of ebbing." The business slowdown engineered by the Nixon Administration has clearly wrung much excess demand out of the economy...

Author: /time Magazine | Title: Business: Relief | 10/5/1970 | See Source »

...Christ, I can't imagine," says his friend, Producer Sid Krassman. But soon Sid has wrung three million out of the tourist-starved principality of Liechtenstein to help finance the monstrosity and assured the rest by signing up Angela Sterling, "the highest-paid darling of the silver screen - nailing a cool one and a quarter big ones per pic, plus ten percent of the boxoroonie, going...

Author: /time Magazine | Title: Books: The Old Boxoroonie | 8/24/1970 | See Source »

...zoos of failure, terminal wards filled with "dismantled innocents" who had lost the battle for survival in a machine civilization. With the skinned eyes of poverty, he saw that he too might someday lose the battle and wind up on the other side of the desk. Horrified, fascinated, wrung with love, he watched his tenants like a man watching himself die in a mirror. He chatted with them endlessly: he steamed open their letters and read their secrets; and through long, lonely nights in hotel offices, he braided their stories into books...

Author: /time Magazine | Title: Books: A Great Despiser | 8/17/1970 | See Source »

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