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...helped frame the Wagner Act. He worked his way onward & upward through the Housing agencies. He mastered the gobbledygook of economic language and the fast footwork needed for intramural debate. He learned to jump out from behind corners, making Keynesian faces at businessmen. In 1946, with a boost from Harry Truman, he landed on the newly constituted...

Author: /time Magazine | Title: THE ADMINISTRATION: The Hobgoblin | 5/22/1950 | See Source »

...Commission threw the once ubiquitous U.S. nickel for another fall. The commission told the New York Telephone Co. that it might raise its basic coin-box charge to 10?. The Rochester Telephone Corp. had already done it, New Jersey, California, Washington and Oregon companies had asked for the same boost...

Author: /time Magazine | Title: MANNERS & MORALS: The Vanishing Nickel | 5/22/1950 | See Source »

...commission's recommendations : boost the grade-school teacher's pay, give him job tenure, set up more attractive retirement plans, and establish the same salary scales for elementary-and high-school teachers. One likely result: some of the growing surplus of trained high-school teachers (50,000 this year) will be attracted to the lower grades...

Author: /time Magazine | Title: Education: Getting Worse | 5/15/1950 | See Source »

...increase in sales to a record $1,642,659,449 and a 54% hike in production to 865,756 autos and trucks, a new high for the industry. But since G.M. faces new wage and pension demands from the U.A.W. (see NATIONAL AFFAIRS), it did not boost its $1.50 quarterly dividend to 433,000 hopeful G.M. stockholders...

Author: /time Magazine | Title: EARNINGS: The Top | 5/15/1950 | See Source »

...market was getting its biggest boost from the reports of fat corporate earnings (see above), even though many stockholders complained that management was hanging on to too much cash and not passing out a big enough share of the profits in dividends. Nevertheless, the profit news itself was so good that the market kept edging up with determination. It closed the week by breaking all previous 1950 high marks for the third time in six days. At 217.03, the Dow-Jones industrial average was the highest it had been since Sept...

Author: /time Magazine | Title: WALL STREET: Still Higher | 5/15/1950 | See Source »

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