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...Taft-Hartley election a fortnight hence on whether to accept management's "last offer," the answer will be an overwhelming no. Steelworkers are in wide agreement with the union contention that steel management, in its demand for the right to change plant work practices, is out to bust the union. "We can't go against our union," explained Andrew Szocka, electrician at the U.S. Steel works in Gary, Ind. "The union may not be worth very much, but we need it, and we got to back...

Author: /time Magazine | Title: THE ECONOMY: We Got to Back It Up | 1/4/1960 | See Source »

...basic 2-B dispute has been befogged by both sides: by McDonald's charges that the steel industry is out to "bust the union," and by the industry's failure to explain its case to the public. But behind the fog, the issues in the steel strike-whether an economy beset by price upcreep will be subjected to another inflationary steel settlement, whether an industry already pressed by foreign competition should accept another upthrust of wage costs, whether collective bargaining is a one-way or a two-way street-still loom in the background, confronting the U.S. Government...

Author: /time Magazine | Title: THE ECONOMY: Behind the Fog | 12/21/1959 | See Source »

Honest Abe. In Klamath Falls, Ore., a bidder picked up a bust of Abraham Lincoln for $1.75 at an auction of unclaimed stolen goods, discovered that it was also a savings bank containing $4.50 in coins...

Author: /time Magazine | Title: MISCELLANY | 11/30/1959 | See Source »

Detroit's auto industry, which started its 1960 model year with such a boom (see Autos), faces another two months of bust. Ford Motor Co., which makes 40% to 50% of its own steel, is in the best position, but it has only enough steel to last into early December at reduced production rates. Chrysler, already operating on a four-day week, will probably have to shut down completely by late November. American Motors expects to continue at its present high production rate. Studebaker-Packard also hopes to get by without any cutbacks. General Motors is just about shut...

Author: /time Magazine | Title: STATE OF BUSINESS: Back to Work | 11/16/1959 | See Source »

...British press had been hopefully counting on Old Reporter Jim Hagerty. who has a reputation in the U.S. for doing his well-trained best to bust loose the news. Said a London Observer profile on Hagerty on the eve of Ike's visit: "Even when competing with the smooth liquefaction and intelligently directed asides of the Foreign Office spokesman, his authority, his singlemindedness, his bristling, barbed personality still dominate." But from the beginning of President Eisenhower's British stay, Hagerty had his troubles. He met the press (400 strong, including 50 Washington newsmen) in a stuffy white tent...

Author: /time Magazine | Title: The Press: Brouhaha in the Hagertorium | 9/14/1959 | See Source »

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