Word: corruptable
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Back in Washington after campaigning for governor through his native California, Republican Minority Leader William Knowland last week added his voice to the growing legislative murmur promising action in Congress next session to restrict irresponsible and corrupt labor-union activity. Knowland's theme: unions must be made more "democratic...
...remedial legislation, is at work directing a crew of experts who are examining a bookful of possibilities, such as tighter pension and welfare fund rules, strong laws defining conflict-of-interest deals, a federal commission similar to the Securities and Exchange Commission, that would protect the public interest against corrupt union activities just as SEC clamps down on abuses in business financing. Arkansas' Democratic Senator John McClellan will doubtless offer a series of proposals growing out of his labor-rackets committee investigation...
...prepared a long list of "improper activities" by Hoffa and henchmen, is another of the Teamster president's more peaceful opponents. The situation here is a particularly frustrating one for McClellan and his committee, for they are convinced, along with the rest of the nation, that Hoffa is a corrupt labor leader who should have been locked up long ago. He has gotten off the hook once already and the Committee well realizes they cannot afford to let him get away again. If he did, public opinion would certainly begin to question the value of a labor rackets purge that...
...this group has had little success in halting Hoffa's steamroller. What they must do then is to convince the rank and file teamster that Hoffa is bad for him and for organized labor. This will not be easy, for many teamsters believe that while Hoffa may be corrupt, he has had to be to gain labor benefits for them. The question will then be whether the anti-Hoffa forces can convince this group that Hoffa is not out for the good of the Teamsters, but for the good of James R. Hoffa...
...Jacoby's side are such authorities as C. Canby Balderston, vice chairman of the Federal Reserve Board. If people become convinced that the Government intends to make inflation permanent, he says, an "inflation psychology" will corrupt all decisionmaking. Businessmen will not fear overexpansion because higher profits will bail them out. The public will stop buying life insurance and fixed-income bonds and scramble to buy land, commodities and equities, bidding up prices. Says Balderston: "The infant ceases to creep. It learns to walk, then run and finally gallop over the brink of the precipice" and bring the bust "which...