Word: corpe
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Dates: during 1950-1959
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...wind up its three-month investigation of steel-pricing policies, the Senate Antitrust and Monopoly Subcommittee last week put on the stand former Treasury Secretary George M. Humphrey, now chairman of National Steel Corp., the country's sixth largest steelmaker. Subcommittee Chairman Estes Kefauver had a thorny question waiting: Since National Steel is operating at 80% capacity v. 98% early in the year, could it not melt customer resistance, push up the operating rates and still maintain profits by cutting prices? Answered Humphrey: "That is what you think. I do not think...
DEVELOPMENT LOAN FUND, new U.S. program to lend $300 million in fiscal 1958 to spur private enterprise abroad (TIME, Sept. 30), will be bossed by Dempster Mclntosh, 61, now U.S. Ambassador to Venezuela. A Republican and foreign-trade expert, he was president of Philco International Corp. from...
...only a minority of a company's workers are illegal, says NLRB. Board found such campaigns constitute the same kind of economic pressure as picketing by minority unions to force recognition, which NLRB also ruled unfair. Rulings are expected to upset nationwide boycott of O'Sullivan Rubber Corp. by United Rubber Workers, which recently lost right to represent O'Sullivan employees...
...other industries are discovering even tougher tasks for the versatile isotopes to perform. Tiremakers long sought a way to control the amount of rubber that goes onto each strand of tire cord. Recently, Industrial Nucleonics Corp. of Columbus, Ohio, one of the top sellers of isotope measuring equipment (1956 sales: $5,000,000), developed a foolproof method. As the tire cord goes through the rubberizing machine, it passes between a capsule of strontium 90 and a radiation counter. If the thickness varies, the detector's reading changes, automatically sets off machinery to adjust the rubber flow. Today...
...decades, the Federal Housing Administration has been virtually the only insurer of home mortgage loans. Private institutions, recalling the failures of insurance companies during the Depression, made no move to challenge FHA's monopoly. Now the field has been invaded by Milwaukee's Mortgage Guaranty Insurance Corp., which is already insuring $2,000,000 worth of mortgages a month, hopes to have $500 million insured by the end of 1958. Last week Mortgage Guaranty got its third state license, in Minnesota (the other two: Wisconsin and Illinois); with other licenses applied for in 15 states, it hopes eventually...