Word: corpe
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Dates: during 1950-1959
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...business expansion slacked off and raw materials shortages eased during the first half of 1957, Humphrey ventured that inflation might ease during the year's second half. But before week's end, the day after the President appealed for "statesmanlike action," Pittsburgh's giant U.S. Steel Corp. announced inflationary price boosts averaging $6 a ton (see BUSINESS). To halt the price index's upward creep, Washington was going to need some help from Pittsburgh (Pa.)-as well as Mexico...
...latest VTOL (vertical take-off and landing) airplane to do this trick successfully is Bell Aircraft Corp.'s X-14, whose pictures were made public last week. Unlike Ryan Aeronautical Co.'s X-13 (TIME, May 20), which stands on its tail while taking off, the X-14 takes off in normal horizontal flying position. Its two jet engines blow their gas through thrust-diverters rather like Venetian blinds. The gas, deflected downward, pushes the airplane up. During the hovering period, jets of compressed air act as controls to keep it in the proper position. After the airplane...
...story tower on the edge of Manhattan's bustling financial district, top officials of the U.S. Steel Corp. waited one day last week for a final figure to guide them in fixing the twelfth consecutive steel price rise since World War II. As soon as word came of another jump in the cost-of-living index, which meant an automatic wage boost for steelworkers, statisticians swiftly added the change to a mosaic of other figures on increased costs, including the industry-wide wage hike called for in the contract signed last year. Soon after, U.S. Steel President Clifford...
Protests & Denials. Reaction was swift and conflicting. Many steelmen had plugged for a boost ranging from last year's $8.50 a ton to $10 or more, were disappointed at the rate set by the industry leader. Said Avery C. Adams, president of Jones & Laughlin Steel Corp.: "The announced price increase is grossly inadequate in so far as covering our total anticipated cost increases is concerned." But the loudest protests came from those who thought the increase was too great-even though many had feared it would be even greater. House Democratic Whip Carl Albert of Oklahoma called...
JUDSON S. SAYRE, president, Norge Division of Borg-Warner Corp.: "Overall appliance volume will probably end up in 1957 as good or better than...