Word: boosted
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This week John L. began talks with a group of operators traditionally more hospitable than the Southerners-U.S. Steel, biggest of the so-called captive operators. He wanted Big Steel to boost miners' pensions, and to give them shorter hours (perhaps a 30-hour week) without cutting pay. Otherwise, another long coal strike seemed certain. For shortly after his newly proclaimed "period of inaction" ends, the miners will take their annual ten-day vacation. And by the time the vacation is over, the miners' contract will have run out. If there is no agreement by then John...
High-Cost Mines. The tin companies, who thought that the government leaned too far toward the unions, shared with Lechin responsibility for the outbreak at Siglo Veinte. When Hertzog, after prolonged arbitration, ordered a 40% wage boost for miners last month, the Patiño company refused to comply. Wage boosts, it insisted, would force the high-cost mines to shut down, cutting the country's one big source of income...
...rise in "shorts" mean that the market was likely to keep on going down? Paradoxically, many Wall Streeters thought it meant just the opposite. They argued that any rise would scare the bears into "covering" (i.e., buy in the stocks they sold short), thus give the market an added boost. On the other hand, if the market dropped further, the bears would also buy so they could take their profits, thus check the drop...
...already put in some time in the varsity boat, and since Iselin rowed behind him last year, the Crimson should not be too hampered by Curwen's loss, provided Iselin is back at normal strength. In fact, the loss of a key man may even act as a psychological boost to the Harvard boat, which might have run into the problem of overconfidence had they faced Cornell at full strength...
...program for this session of Congress yesterday by stripping the hotly contested health insurance and civil tights proposals off the "must" list. At the same time, Senate Majority Leader Scott Lucas indicated he expects no Senate action this session on President Truman's $4,000,000,000 tax boost plan, the new Brannan farm plan, or the foreign arms program...