Word: boosted
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...played the game to perfection. Having signed up General Motors for a liberal contract extension (TIME, June 1), Reuther sat down with Ford's Labor Relations Boss John S. Bugas and got still more. Bugas agreed to all G.M.'s concessions: 19? in temporary cost-of-living boosts made permanent, a 1? hourly hike in the annual productivity allowance, a 10? hourly pay boost for skilled workers. He also agreed to a boost in maximum pensions, a bargaining matter that Reuther had not been able to reopen in his G.M. negotiations. The boost: from...
Tough Talking. The auto settlement fell even more heavily on Pittsburgh, where the C.I.O. steelworkers are bucking for a wage boost. Said Republic Steel's President Charles M. White: "Where we might have talked [the union] out of something, [they] might now be a little harder to talk to." White was right. Reuther's old political opponent, Steelworker President Dave MacDonald, was sure to push for a wage boost to equal the autoworkers' gains. In terms of cents per hour, union officials figured the pensions and benefits equaled about a dime-though many steelmen were now balking...
...Administration's decision to ask EPT's extension is based simply on the belief that Congress would not pass alternative measures-such as a small, temporary boost in the regular corporate-income-tax rate-to yield an equivalent revenue. Though Secretary Humphrey predicts that the tax will be extended, there is a good possibility that Congress may kill it, since it can do so by simply doing nothing. If EPT does die, it will hardly be a national tragedy. And the $800 million predicted yield for a six-month extension may be made up by increased collections...
...annual pay boost for higher productivity will be raised from 4? to 5? an hour...
...President will also be asked to find a way to boost the sagging Divinity School fund drive, which has advanced only one-sixth of the way toward its three million dollar quota. The Design School, with a newly appointed Dean Jose Sert, is also undergoing a shakeup...