Word: corpe
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Management's tough stand was no idle pose. Big Steel, led by U.S. Steel Corp.'s Board Chairman Roger M. Blough, was bent on halting steel's relentles's postwar trend: ever higher wages, ever higher prices-both up about 150% since 1945. With U.S.-made steel all but priced out of foreign markets and losing domestic markets to low-cost foreign steel (TIME. July 20), the steel industry finally decided to hold out against a wage boost unless the union conceded management more freedom to trim costs by cutting down on "featherbedding and loafing...
...policy of slowing "creeping socialism." But the White House dropped the plan discreetly, soon after TVA-minded Democrats cried scandal over an apparent conflict of interest: Banker Adolphe H. Wenzell had served at the same time as 1) a vice president of New York's First Boston Corp., a Dixon-Yates financing agent, and 2) a Budget Bureau consultant on the contract. Then Attorney General Herbert Brownell went on to rule that Dixon-Yates investors were not even entitled to payment for costs already incurred, because Wen-zell's dual role made the contract invalid. The Dixon-Yates...
...Public Health Service reported last week some disturbing byproducts of the Atomic Age. For a year its experts studied the Animas River in Colorado and New Mexico, whose water is used for the homes of 30,000 people. Below the Durango, Colo. uranium refinery of the Vanadium Corp. of America, the water was loaded with radium from the plant's wastes. Some samples were 160% above the maximum level officially considered safe for health. Vanadium Corp. has agreed to do something at once...
...railroadmen, several thousand seamen (on the Great Lakes. 300 broad-beamed ore carriers dropped anchor). This week at least another 30,000 nonsteel workers will be idled; next week the number will grow by far more than that. If the strike lasts 30 days, Mississippi's Ingalls Shipbuilding Corp. will have to stop work on two atomic submarines...
...work and close down more industries. That would clearly be a national emergency, and reason for President Eisenhower to invoke the Taft-Hartley Act, seek a strike injunction that would bring the workers back to the plants for 80 days. Said Chairman Paul Carnahan of Great Lakes Steel Corp.: "I doubt that a settlement, when it comes, will originate with either management or the union. We will have to wait until an air of crisis begins to develop nationally...