LAC Says Another Holiday Settlement Sparks Union Power
The Teamster Union won a paid birthday holiday in a San Francisco 24 day strike settlement. The deal adds 20 days paid vacation after 10 years and 15 days paid sick leave, boosting costs for employers by about 344 600 dollars monthly and potentially fueling inflation. Critics warn of union dominance, while supporters say Hoffa delivers for members. The piece questions the impact of a new federal labor bill on such leadership.
MENTIONED IN THIS ARTICLE
Teamster Union
San Francisco
Lincoln
Washington
San Mateo
Jimmy Hoffa
Teamsters Union
Hoffa
Afl-Cio
Lac
Dividend payments rise with August totals up year over year
The Commerce Department reported August dividend payments by corporations issuing public reports at 1,060,000 dollars, 10,000,000 more than August last year. For January through August 1959 the total reached 7.2 billion, up 3 percent from the same period in 1958. The SEC noted the largest quarterly gain in networking capital since the early 1950s, with a three billion dollar increase. total capital on June 30 exceeded 125 billion dollars. Manufacturing groups accounted for 1.7 billion of the rise.
MENTIONED IN THIS ARTICLE
Washington
UFI
Commerce Department
Departments
Office of Business Economics
Securities & Exchange & Commission
1800 Mile Flights Set for Astronauts
Washington officials outlined a 20 flight man-in-space program with early eight Redstone capsule tests reaching about 100 miles up and 300 miles from launch, followed by Atlas unmanned and animal trials, then manned missions. Glennan cited a 1500 mile distance concept and said orbit would come after capsule recovery trials and a likely first manned test next year.
MENTIONED IN THIS ARTICLE
Washington
Mercury
T. Keith Glesnan
Irector
National Aeronautics and Space Administration
CBS
Glennan
Israel Bond Drive Targets 45 Million Bonds by Year End
CHICAGO U MOre than 800 delegates at the Nations Conference for Israel Bonds launched a nationwide campaign Sunday to sell 45 million dollars in bonds by year end.
MENTIONED IN THIS ARTICLE
Chicago U
Sie mons fa Wces tamer emery si
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MENTIONED IN THIS ARTICLE
Mons
Tamer Emery
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