Word: auto
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Dates: during 1950-1959
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...work forces more efficiently to cover the costs of higher wages and higher benefits. Snapped R. Conrad Cooper, U.S. Steel Corp. vice president and top industry negotiator: "The basic position of the steel companies is not about to crumble whether or not there is an injunction." And even though auto assembly lines, tractor plants and construction projects were shut down-and unemployment spread to 300,000 beyond steel's own 500,000 strikers-U.S. industry seemed generally willing to back the steel companies on principle...
Backed by four smoothly concocted "eyewitness" reports, Trud, Russia's official trade-union journal, landed a punch on United Auto Workers President Walter P. Reuther. Three of the "witnesses" were described as Reuther's shopmates when he put in a stint as a worker at the Gorky automobile plant in 1934; the fourth was a mysterious "N" who claimed to be his long-lost wife, described how Walter wooed her ("an inexperienced girl") with talk of "capitalist chains" and "bloodthirsty exploiters." After eight months of marriage, said she, "he said 'I am going to America...
...important state election in seven years. Principal reason: G.O.P. liberals and Old Guard-ists, after mauling each other, are too beat to put up much of a fight against the smoothly functioning Democratic Party of six-times Governor G. Mennen ("Soapy") Williams and the United Auto Workers' Walter Reuther. Last week word leaked out that the old Republican feud had erupted into a name-calling, table-thumping session starring Postmaster General Arthur E. Summerfield for the Old Guard and Henry Ford II, financial mainstay of the G.O.P. liberals...
...They say it's madness to go so fast. We have to go fast. We have 63 million people and nearly 2,000,000 more people every year to feed, clothe, to supply with power and tools and the essentials of life." He points to his record: 1956 auto production zero, this year 170,000; 1956 oil production 5,000 bbl. a day, this year...
...have ever seen it. It will be worse after the steel strike is over and companies start building inventories and go to the banks to borrow." Said Russell H. Eichman, vice president of Cleveland's Central National Bank: "If the steel strike requires a slowing up of auto sales, that in itself will automatically ease the tight money situation." Said Scott L. Moore, president of the American National Bank of Fort Lauderdale, Fla.: "I think the tight money situation will last another six to eight months. Right now merchants in my town are borrowing money for income tax purposes...