Word: boosted
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C.I.O.'s National Maritime Union had started it. N.M.U. demanded a $17.50 a month wage boost, which the Government approved. Then rival A.F.L. seamen demanded $22.50-$27.50 boosts. The Wage Stabilization Board, believing that its duty was to hold the wage line, tried to limit A.F.L. to the C.I.O increase. Warned brilliant, 34-year-old Willard Wirtz, onetime law teacher, ardent puzzle fan and chief of WSB: this is a "stepladder" approach to further demands which would mean the end of Harry Truman's badly bent stabilization program...
...keep whatever strife occurred with the companies entirely within the family. When the sailors "hit the bricks" in June of this year the companies looked to Washington to find out how much the government would subsidize them, so that they could, in turn, give their sailors a wage boost...
A.F.L.'s Johnny, who dominates West Coast shipping (C.I.O. dominates the East) watched all this with interest. A.F.L.'s seamen's unions have enjoyed a slightly higher wage scale than the Communist-dominated C.I.O. maritime union. But this boost put C.I.O. out ahead. The A.F.L. bosses howled for a boost too. They threatened to strike. They ordered occasional work stoppages so everyone would get the idea...
...only Venezuelan countryman to get Government help. Determined to share the country's million-barrel-a-day oil wealth as widely as possible, President Betancourt pressed schemes for gradual land redistribution, a $6,000,000 irrigation program, and 148 new rural schools. To shore up food production and boost rural living standards (most Venezuelan peons get about 1,200 calories a day), he pinned his hopes on mechanization. The U.S. State Department backed this program by putting Venezuela high on the Latin delivery list, right after Mexico and Brazil. This week a four-man commission prepared to leave...
...rising costs had chewed them up. Nor was there any hope that the rise in costs would stop. Commodity prices, up 22% since the end of the war. were still soaring. Labor efficiency was down (see Autos) and another wave of raises all around-which most businessmen expected-would boost the labor cost still more. In short, peak production alone did not promise the profits which stock buyers had been betting...