Word: falling
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Dates: during 1950-1950
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...York State Public Service 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...
...drive for old age security caused two of the biggest strikes of the postwar era. Last fall nearly 500,000 steelworkers were out for more than a month to get a $100 pension. The bitter Chrysler strike, for a $100-a-month pension, ended last fortnight, after 100 days of idleness. The two strikes, costly to both management & labor, had one significant point in common: they were fought over the method of paying for the pension, not over the pension itself. The U.S. is so security-minded that the real question asked about pension plans is no longer...
Although union leaders have fought bitterly to impose such noncontributory pensions on management, do the rank & file of unionists really want them? Last month the same C.I.O. steelworkers who had struck last fall for noncontributory pensions at Inland Steel Co. got a choice of a noncontributory plan and one in which they would contribute a small portion (never more than 4%) of their weekly salaries. By a vote of 3 to 1, Inland workers accepted the contributory plan. One reason: under the contributory plan, workers would get a vested interest, and most of them would get bigger pensions...
...answer. Said Eastman Kodak Co.'s Treasurer Marion B. Folsom, long an expert on pensions: "If we are to give more goods and services to those who no longer work, those who are working must produce more. Otherwise, everybody's standard of living will fall." That is no new problem. The U.S. economy has met it before, notably in shortening the work week. Since 1909, manufacturing hours have been cut from 52.7 to 40, while wages have risen from $10 a week to $56.33. The U.S. could lick the pension problem without devastating strikes, provided that pensions were...
...weather conditions, including typhoons, protect the island. This summer, then, may bring an event to which the U.S. has already officially resigned itself-the Communist conquest of Formosa. When the Reds attack, there will undoubtedly be a great clatter in the U.S., a sudden recognition that Formosa's fall may touch off a chain of reactions throughout Asia and change basically the U.S. position in the cold...