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...Difference. Board Chairman George Boldt said that the contract terms were "obviously unreasonably inconsistent" with the guideline. In fact, what made the aerospace agreement different from those of the mining and railroad industries was the lesser likelihood of a strike. At the time of the earlier decisions, coal miners had already been off their jobs for six weeks, seriously depleting the nation's coal supply, and signalmen were clearly ready to begin an economy-crippling shutdown of U.S. railroads. By contrast, the nation's ailing aerospace companies have been forced to lay off more than 180,000 workers...

Author: /time Magazine | Title: CONTROLS: Breaks in the Wage-Price Spiral | 1/17/1972 | See Source »

...been so snarled by quarreling among its labor, business and public members that it has not yet even worked out a form on which employers and unions can report proposed wage boosts. In its first two specific decisions, it approved scandalously inflationary wage contracts for coal miners and railroad signalmen. It is difficult, however, to imagine the Pay Board doing any worse this year, and there is some chance that it will do better, though perhaps at the cost of strikes. The business and public members who fill ten of its 15 seats intend to shave down a 12% boost...

Author: /time Magazine | Title: PREVIEW OF 1972: At Last, the Year of Real Recovery | 1/10/1972 | See Source »

...diagonal slash that means "Don't." In addition, the new signs use a color code: red to prohibit, yellow to warn, green to permit movement, blue for highway services, brown for scenic suggestions. Shapes, too, are being standardized: a pennant for no passing, a circle for railroad crossings, a diamond for potential hazards...

Author: /time Magazine | Title: Modern Living: Caution: New Signs | 1/3/1972 | See Source »

Yankee Enginuity. Their basic failure is not choice of subject but lack of talent, and the error of putting message before magic. Anyone considering the folly of seeking topicality in children's books might ponder the evolution of one railroad theme in books for toddlers. The literary genre began with The Little Engine That Could (Platt & Munk; 1930), an Establishment epic in which a coal-burning hero learned to serve the military-industrial complex by applying Yankee enginuity ("I think I can, I think I can ... I know I can, I know I can . . ."). Then came Tootle (Golden Press...

Author: /time Magazine | Title: Books: Caboose Thoughts and Celebrities | 12/27/1971 | See Source »

...first major city to fall was Jessore. TIME'S William Stewart, who rode into the key railroad junction with the Indian troops, cabled: "Jessore, India's first strategic prize, fell as easily as a mango ripened by a long Bengal summer. It shows no damage from fighting. In fact, the Pakistani 9th Division headquarters had quit Jessore days before the Indian advance, and only four battalions were left to face the onslaught...

Author: /time Magazine | Title: The World: Bangladesh: Out of War, a Nation Is Born | 12/20/1971 | See Source »

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