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Word: contracting (lookup in dictionary) (lookup stats)
Dates: during 1960-1969
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Usage:

...framework of law, grounded in the general principles recognized by civilized nations, is of crucial importance in all plans for rapid economic development . . . Law is not a concrete pillbox in which the status quo is armed and entrenched. On the contrary, a single role of law, the sanctity of contract, has been the vehicle for more explosive and extensive economic change in the world than any other factor...

Author: /time Magazine | Title: THE PRESIDENCY: Man of the Year | 1/4/1960 | See Source »

...four back in Point Anne, Ont. By the time he was 14, he looked so good just playing junior-league hockey in Belleville, Ont. that he caught the eye of a touring Black Hawk scout, who reserved the likely prospect for Chicago by signing him to an option contract for a bonus so small that he now says: "I'm ashamed to mention it." Pro hockey is one of the toughest of all sports, but Hull revels in its body contact, can fend for himself so well in the mayhem that he has lost only two teeth in three...

Author: /time Magazine | Title: Sport: Thunder on the Left | 1/4/1960 | See Source »

...Chicago, Armour & Co. announced the selection of President Clark Kerr of the University of California to head up a company-union automation committee. Under a new contract, Armour contributes 1? per cwt. of meat processed to a special automation fund. With the money the committee will study and recommend ways to retrain and relocate workers laid off as a result of the introduction of new machines. Says Kerr: "I think there will be many more committees such as this one. We will see a new pattern of collective bargaining...

Author: /time Magazine | Title: PAINLESS AUTOMATION: PAINLESS AUTOMATION | 1/4/1960 | See Source »

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