Word: boosted
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...gave 110,000 production workers 8? more an hour (13? more an hour for 16,000 skilled workers). It also promised another 4?-an-hour boost for the final four years of the five-year contract, and tied wages to the cost of living with an escalator clause. Pensions were increased from $100 to $125 monthly (including Social Security...
...U.S.S.R.'s League of Militant Godless was disbanded in 1941 to boost wartime morale, and possibly to please the other nations of the Grand Alliance. But the fact marked no real change in Russia's rulers; religion was still a menace. Last week the Soviet Society for Political and Scientific Research, by way of the Leningrad radio, announced a new, all-out campaign against the "medieval Christian outlook." The drive, to be conducted on "an entirely scientific basis," will involve a large number of propagandists armed with anti-religious films and some 20 million pamphlets. Trumpeted the society...
...fortnight ago, Treasury Secretary John Snyder reaffirmed his cheap money policy. He announced that the Government would keep its interest rate at 1¼% when it refunds $13.5 billion in Government securities in September and October, biggest refunding at one time in history. In turn, FRB approved a boost in the discount rate in the New York area from 1½% to 1¾% as a warning to Snyder (TIME, Aug. 28). Last week Federal Reserve Banks across the U.S. upped their discount rates, thus putting pressure on bankers to raise their interest rates on commercial loans...
...enough to scare off borrowers. At the same time, a slight increase in Treasury's rate would add considerably to the burden of carrying the national debt-i.e., an increase of ⅛ of 1% in the Treasury's short-term interest rate would boost the interest bill on the national debt by about $65 million...
...Australia's shopping list are: 1) tractors and farm machinery to help boost the nation's agricultural output, 2) bulldozers and other heavy earth-moving equipment for power projects, to increase generating capacity from the present 2,100,000 kilowatts to 5,600,000 kilowatts in 1958, 3) diesel-electric locomotives, 4) heavy excavators, stripping shovels and other mechanized mining equipment, to raise the production of steel, building materials and coal. To get more workers, Australia, which is now squeezed by a manpower shortage, is opening her gates to 200,000 immigrants a year...