Word: contract
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Dates: during 1950-1959
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...strong upturn in steel was in answer to rising consumption, plus a rush to build inventories as a hedge against a steel strike this summer. The three-year contract with the A.F.L.-C.I.O. United Steelworkers runs out July 1, and the steel union has already done some tough talking about the big pay package-estimated at $1 billion a year in wage increases and benefits-it expects to demand. Most steelmen, along with their customers, expect a strike. The automakers, trying to lay in enough steel for their 1959 models and part of their 1960 production, guaranteed their suppliers against...
...avoid this argument, the Administration has urged vague claims of "national security" requiring the operation of the Philadelphia contractor. Since the war, this firm has been awarded contracts in England totalling over twelve times the value of the present one, all of which have been in areas affecting the "national security" of Great Britain. To discourage British trade is to invite retaliation, which would reduce the business of the very American company whose continued operation is the alleged goal of the present contract. Critics also point out that earlier the Administration said the dam was not worth constructing...
Equally damaging are charges that the Philadelphia firm secured the contract due to lobbying on the part of Senator Hugh Scott, Republican of Pennsylvania. Shortly before his election last November, Scott told his electorate that he had personal assurances from the While House that the local company would get the contract. At that time the Army had not even completed its study of the bids. This has aroused the charge of "prostitution of the country's trade policy for political reasons," from the Democratic chairman of the Foreign Trade Policy Subcommittee...
...that, British Ambassador Sir Harold Caccia replied tartly that it was hard to believe that "the entire national security of the U.S. would be imperiled if two turbines were built by her ally, Britain." He implied that a $1,757,210 contract could not make or break a vital industry, especially since there are five U.S. manufacturers of hydraulic turbines. Moreover, U.S. manufacturers have won 21 of the 23 important Government hydraulic-turbine jobs since 1952. Still unsatisfied, they are lobbying hard to bar foreign manufacturers from bidding...
...Take Credit." ODCM's decision also raised complaints in Congress. Wisconsin's Democratic Congressman Henry Reuss asked the White House why the Tennessee Valley Authority last November awarded a $2,637,000 contract for electric generators to Switzerland's Brown Boveri instead of to the low domestic bidder, suburban Milwaukee's Allis-Chalmers Mfg. Co. Louisiana Democrat T. Hale Boggs, chairman of the House reciprocal-trade-agreements subcommittee, promised a thorough investigation of the B.L.H. award. Asked Boggs: "Does this mean that we invoke the national-defense clause when an industry at home is having some...