Word: annually
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Dates: during 1970-1979
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...Area Total Energy Plant (MATEP). MATEP, designed to provide energy to the medical schools and Harvard's affiliated teaching hospitals, would be the largest co-generation plant in America. On paper, it looked great--steam chilled water and heat all from the same diesel engines, and $2 million in annual savings...
Producers' wholesale prices rose 1.4% in September, an annual increase of 18.2% and the highest jump in almost five years. That probably foreshadows a further rise in consumer prices, which are already growing at a 13% rate. The week's only good news: instead of rising from its August level of 6%, unemployment dropped in September to 5.8%. But many economists believe joblessness will still increase sharply in the months ahead as the recession bites deeper...
...past, employers have sought to sweeten compensation by increasing the generally nontaxable benefits, such as health and education programs, and even company-paid memberships in fitness programs. Between 1967 and 1977 corporations raised the dollar value of these benefits at an average annual rate of 17%; over the same period, cash wages and salaries went up only 10% a year. Boosting benefits is much more difficult now; they are included in the guidelines calculations and are becoming costlier to provide, especially in the case of medical insurance plans. Last year such benefits rose by only 9.5%, and almost...
...beyond a certain level of required medical, pension and life insurance coverage. For instance, a middle-aged bachelor might choose higher contributions to his pension plan in return for reduced medical benefits, which he does not need since he has no family. At American Can, employees can forgo, say, annual medical checkups in return for an extra week of paid vacation. Says Senior Vice President Sal Giudice: "A lot of young people opt for that. They want to take that winter ski trip...
Westinghouse and the Equitable Life Assurance Society have introduced an intriguing salary gimmick: they are giving their workers the choice of taking their annual raises in a single lump sum as soon as the increases are granted, rather than having them parceled out in paychecks through the year. Employees like this option because it allows them to use their raises to buy big-ticket items like cars, color TVs and refrigerators sooner rather than later, when they may cost more. But some employers fear that the practice of giving lump-sum raises, if it were to spread, might fan inflation...