Word: contractive
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Dates: during 1950-1959
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...explanation emerged in testimony last week before a House subcommittee; Edward T. McNamara, husky ICA public-works officer in Laos from 1955 to 1957, admitted receiving stock and cash amounting to more than $12,000 from Universal "for assistance rendered by me in establishment of the contract...
...also developed in testimony that McNamara and another former ICA official, William E. Kirby, accepted substantial favors in 1957 from a Hong Kong transportation firm that got a $275,000 contract to supply ferryboats for a transport system across the Mekong River, between Thailand and Laos. Kirby later quit ICA and took a job with the company. Until Congress took notice, ICA headquarters in Washington seemed almost indifferent to the shenanigans in Laos, and slow to investigate thoroughly. Representative Porter Hardy Jr. of Virginia, chairman of the subcommittee, last week indignantly suggested abolition of ICA altogether, and a fresh start...
...they got ready to bargain on a new contract, steelmakers and union seemed well aware last week that there will be a third man at the table: the public. Both sides were firing off statements designed to win friends and influence people. United Steelworkers President David McDonald, who had rejected the steelmakers' request that he freeze wages, demanded that the steelmen freeze prices for the life of the new contract, and still give 500,000 steelworkers higher wages and benefits. This would be "justified," McDonald argued, by the industry's heavy profits (see below) and the rising productivity...
Instead of waiting as usual for the United Steelworkers to strike the first blow in contract negotiations, management made the first move. To the Steelworkers' President David J. McDonald last week went a letter from twelve big steel companies asking for a one-year extension from this June 30 of the present wage agreement, without any increase in benefits. Although the recovery is making "moderate progress," said the letter, there is a disturbing "bulge of synthetic demand" created by fear of a steel strike, and it could lead to "decline and dislocation" later. To keep the economy...
...Gene is verminous in his tactics, but as raffishly delightful as a hillbilly Jim Curley. He waves his false teeth in the air and slobbers: "Them N-double-A-C-P goons knocked my teeth out." When a heckler asks about $14,000 grafted from a power contract, Massie chuckles, slaps his back pocket and says, "I got it right hyer . . . an' you ain't gon' git a nickel of it neither...