Word: coaling
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Dates: during 1960-1969
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What Kennedy aims to aid are the "islands of unemployment" such as the melancholy textile towns of New England, the played-out coal regions of Appalachia,' and the planemaking centers of the Pacific Coast. The President figures that the Government could rapidly create up to 200,000 jobs in these depressed areas by helping to finance construction and mod ernization of hospitals, roads, sewers and the like. But while these projects can be started quickly, they are also fairly quickly finished-meaning that the jobs they generate will be only temporary...
...coal industry-contrary to popular opinion-is not about to burn out. Soft coal's outlook, in fact, has brightened so much that the U.S. Bureau of Mines says production will be up to 671 million tons by 1975 (v. 406 million last year). The big coal-mining companies are turning such solid profits that many sharp-eyed Wall Street investors have pegged them as growth companies and have begun to push their stock prices...
...large measure. Old King Coal's resurgence is the direct result of a unique phenomenon: the slimming down of a major industry by its own labor union...
...once dreaded by U.S. business as a wild-eyed radical-thundering John L. Lewis, who at 82 still bosses the United Mine Workers union despite his innocuous-sounding title of president emeritus. For all his deep compassion for his miners, Lewis long ago grasped the harsh realities of the coal industry, i.e., that only the big and efficient mines can do business at a profit...
...better to have half a million men working in the industry at good wages and high standards of living than to have a million working in poverty and degradation." Squeeze the Underfed. In line with this businesslike philosophy. John L. has enthusiastically pushed the mechanization of U.S. coal mines, opposed featherbedding, and kept the coal industry free of major strikes since 1952. He has also put the squeeze on small, uneconomic mines to such an extent that a year ago the U.M.W. was found guilty of violating -of all things - the Sherman Antitrust...