Word: bille
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Dates: during 1950-1959
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...aspirations, no intentions, no ambitions for office other than that I hold." He preferred instead, explained U.S. Senate Majority Leader Johnson, to serve fellow Texans as a legislator. Last week, with all 31 members signing as cosponsors, the Texas senate passed-and sent to an eager house-a bill allowing candidates to file for both statewide office and the U.S. presidency or vice-presidency on the ballot for this summer's Texas primaries. The bill mentioned no names, applied to any candidate. But, explained San Angelo's Dorsey Hardeman, author of the measure: "This might be referred...
...Democratic Senator Estes Kefauver and Wyoming's Democratic Senator Joseph C. O'Mahoney, is the "administered price," which largely ignores demand in deference to industry's effort to improve profits. Last week the Senate antitrust subcommittee, headed by Senator Kefauver, held hearings on a bill introduced by Senator O'Mahoney to require companies in highly concentrated industries to give 30 days' advance notice of any price hike...
...bill got no support from unions or industry. Steelworkers Union Chief David McDonald opposed the bill because he felt it would have "a stifling effect on free collective bargaining." Freezing prices to halt inflation, said U.S. Steel Chairman Roger M. Blough, is "like trying to check the rising pressure in a steam boiler by plugging up the safety valve." The real cause of rising industrial prices since the war, charged Blough, is rising employment costs, which now "represent more than 75% of all costs." Furthermore, said Blough, the O'Mahoney bill would "diminish still further the profit incentive," could...
Blaming Wages. From Raymond Saulnier, chairman of the President's Council of Economic Advisers, came the sharpest opposition to the bill-he called it "untimely and unnecessary"-as well as backing for Blough's view. In the strongest terms yet used by an Administration economist, Saulnier laid the blame for inflation not on corporations but on "increases in money wages that outstrip improvements in productivity. I believe we have tended of late to depart from the historical relation between wage increases and productivity improvements. And if these cost increases cannot be passed on to the consumer in higher...
Last week restless Bill Lear was off to something new, as usual. In West Los Angeles he opened a $250,000 laboratory to put his company into solid-state physics in his search for new products. Among far-out fields to be studied: microcircuitry (e.g., reducing the chassis of a satellite television unit to a few cubic inches) and electroluminescence (e.g., picturing all of a plane's instrument readings on a cockpit window so the pilot will not have to glance away even when landing or taking off). While moving farther into the wild blue yonder, he is also...