Word: boosted
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Lewis was not saying publicly just what he wanted. Best guess: 1) a small wage increase for his 475,000 miners; 2) a boost in producers' royalty payments (now 30? a ton) to the union's welfare treasury; 3) a spread-the-work arrangement that would divide mining and employment more equally throughout the bituminous industry...
...Havilland to jump ahead to the 60-to-75-passenger Comet III, whose prototype has not yet even been built. Said Rickenbacker: "If I were an Englishman, I would work day and night-including weekends-to keep the advantage they have." De Havilland's reply: it cannot boost commercial production and meet its rearmament quotas. Then, said Rickenbacker, it ought to license a U.S. maker who can mass-produce the Comet III. Echoed London's Daily Mail: "Britain . . . will have to scrap the outworn ideas and practices which have been hampering her industries since...
...Fair Dealers' wonderful theory that the U.S. can enjoy inflation without paying for the ride had all but gone out the window last week. There was no longer much pretense, except for some cheerful whistling by Commerce Secretary Charlie Sawyer, that the big ($500 million-plus) steel wage boost would not have to be paid for by the customer. The OPS flooded with demands for higher ceilings by 1,800 manufacturers, got ready a "pass-through" letting them tack on their higher costs from the $5.20-a-ton price boost in steel, plus additional markups for higher copper...
...merry-go-round of inflation was already starting new circles. Higher costs had brought the cost-of-living index in July to a new alltime high (see NATIONAL AFFAIRS). That meant still higher wages-an immediate boost of 3? an hour for 1,000,000 auto workers. And that meant still higher costs for the auto industry. The OPS has already authorized a 1% boost in the price of cars, and more will probably soon be asked...
...America's announcement of plans for a giant aluminum smelter and two power plants near Skagway on the Canadian border. The cost, $400 million, would make the project the second biggest single investment ever made at one site by U.S. private industry.† It would eventually boost Alcoa's aluminum capacity 60% to 2.1 billion pounds annually, provide year-round employment for 4,000 and create a new Alaskan city...