Time Clock, Nov. 29, 1954

CORPORATE BOOKS must now be opened to unions when employers claim inability to pay as the basis for refusing wage increases. The NLRB, in a test case brought by the A.F.L. Iron Workers against North Carolina's Truitt Manufacturing Co., ruled that an employer must open the books even though the profit disclosure hurts his competitive position.

GAMBLING HOUSES in Nevada will rack up the biggest winnings in history for 1954, predicts the State Tax Commission, which gets a 2% tax on gross winnings. Gamblers' estimated take: $90 million.

COLORED STRIPES on taxpayers' envelopes, which the Bureau of Internal Revenue hoped would make it...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!