Word: boost
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Dates: during 1950-1959
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...time in four months, FRB cut the discount rate. Reserve banks in New York, Chicago, Philadelphia and Atlanta reduced the rate from 2¾% to 2¼%. Most of the other eight central reserve banks will soon follow; the cuts are expected to lead to lower interest rates to boost loans and business expansion...
Dave Dubinsky's powerful (455,000 members, $225 million in shrewdly invested assets) I.L.G.W.U. wanted 315% boost in dressmakers' wages (Manhattan average: $2.10 an hour). It would be the first hike since 1953. Manufacturers, crying recession, offered...
AUTO UNION is tempering demands as dealers' car inventories continue to rise. U.A.W. wants to boost its average $2.46 hourly wage rate by 10?; pace-setting General Motors has offered 6?. Union also will ask for bigger layoff, pension and health benefits, but will probably scrap its demand for profit sharing if G.M. agrees to more pay for shorter week...
...does little to build up stars, gets them by raiding other agencies, even has a vice-president in charge of raiding. But moviemakers such as former M-G-M Head Dore Schary say that M.C.A. deserves its success because it works hardest for its clients, constantly plans deals to boost their salaries and its commissions. In 1943 Schary had a dispute with MGM, chucked his job as head of "B" pictures. His own agent advised him to go back to M-G-M because he could not get him another job. But M.C.A.'s Lew Wasserman (now president) took...
...Civil Aeronautics Board has been involved for more than a year in investigating a general passenger fare increase for domestic airlines. Even though the CAB knows that carriers must have an increase and has granted a 6.6% temporary boost, the hearings may go on for another year, at least, before a decision...