Word: chairman
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Dates: during 1950-1959
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...embarrassing subject. As the result of such tiptoeing, "many Jews know only a grotesque caricature of Christianity, compounded of a three-headed divinity, salvation by being dipped in blood, a slighting of rationality and ethics, and a dependence on gross wonders." As Jews and Christians become closer friends, Chairman Sweazey hopes, "Christ will become better known and loved on both sides...
...Vice Chairman C. Canby Balderston of the Federal Reserve Board warned the Philadelphia Bond Club that industrial prices have risen 2% since the recession low, sooner and more sharply than after the two last recessions, despite continued high unemployment and unused industrial capacity. The upsetting fact about this, said Balderston, is that the price level did not dip during the recession, perhaps because the downturn was so short. "The recent advances are piled on top of a level that never dropped down. When prices fail to decline during a recession, then they are in position to contribute to inflation during...
...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...
From a Chicago hospital bed last week, cancer-stricken Sewell Lee Avery, 85, cut his final tie to Montgomery Ward & Co. as a new era of expansion began for the giant mail-order house. Avery, the reactionary chairman of Ward's for 23 years until he resigned under pressure in 1955, finally quit as a director. At the annual meeting, shortly after the news was announced, Chairman John Andrew Barr, 50, told about the aggressive expansion program. It will use up the last of the $226 million that Sewell Avery hoarded from 1947 to 1955 in his belief that...