Word: nonunionized
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...tankers and pile up fabulous profits because, like most independents, he whittles operating costs to the bone, runs all but a few of his ships under "flags of convenience." Registered by mail order in Panama or Liberia, the ships pay only nominal taxes,* e.g., 10? a ton yearly, employ nonunion crews and are unlikely ever to be seized for defense reasons. Niarchos, in addition, pays no corporate taxes on most of his profits. These are considerations which no banker can afford to overlook. As an approving London banker said recently: "The great virtue of Niarchos is that...
...Prices. Why all the optimism? Part of it was the absence of any real bitterness in the steel strike, even though other industries also started to feel the pinch. The Pennsylvania Railroad, which gets 30% of its revenues from the steel industry, imposed a 10% pay cut on all nonunion employees. Some 90,000 other workers in rail, truck and water transportation industries were laid off. To keep defense plants running, the Government clamped a freeze on certain steel stocks, ordered warehouses to ship them only to defense contractors. Yet it would still be several weeks before any real pinch...
...industry's highest average wage of $2.23 an hour, plus another 69? an hour in fringe benefits. Relations between Republic and the I.A.M. have been poor ever since the union organized the plant in 1950. The union now has 12,000 members, leaving another 7,000 workers nonunion. The local is faction-ridden, has twice pulled wildcat walkouts. After a 1952 "sick" strike, the irritated international censured the local leaders...
...Sligh: "Then it is discrimination." Retorted Meany: "We belong to a union on exactly the same basis as you belong to the N.A.M." Sligh said: "It's not the same thing. In a union you can't leave and still eat." Back came Meany: "There are more nonunion men eating in America than union men." On that note of sweet unreasonableness, the meeting ended...
...night curriculum. The class will meet twice a week for four years, start with the simplest math problems but eventually lead the students through basic courses in radar, physics and electronics. The course outline has been accepted by the state-supported adult education program. The classes are open to nonunion registrants, and the only tuition for the course is a 25? token fee required by the high school where the classes are held. Hauer set the pace at a slow academic rate; he gives no tests, receives class papers unsigned ("Each one of these men came convinced...