Word: demanding
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Dates: during 1950-1959
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Bungled Campaign. At the start of the strike, the big steel companies, led by U.S. Steel Chairman Roger Blough, laid down a demand of their own: in return for even a modest boost in wages and fringe benefits, the union would have to agree to contract changes to "cut the cost of steelmaking." With high labor costs squeezing U.S. steel out of foreign markets (TIME, July 20), the steel companies had a solid argument for holding costs down. Revelations of corruption in the labor movement had weakened organized labor's influence. And the U.S. public was fed up with...
...steel companies bungled their campaign. First they asked too much: a sweeping grant of authority to change plant work rules in the name of "efficiency and economy." Then they failed to justify the demand. Company spokesmen charged that the work rules foster "featherbedding and loafing," but never supplied a solid example to document the charge or a solid specific on how the authority to change the rules would be used. When Mediator Taylor asked Bethlehem Steel Negotiator John Morse to explain just how the work rules created problems in particular mills, Morse replied that he was "afraid the panel would...
...evening before their report to the President was due, Taylor and his fellow mediators were still trying to find a kernel of agreement that might serve as the starting point for a last-minute solution. McDonald trimmed his demands for a two-year wage and benefits increase of 28½? down to a 19¾? package-the level at which California's Edgar Kaiser had urged his fellow steel men to settle. Industry's Cooper stonily told the fact finders that McDonald's package would really cost 33?, and the proposal was "unacceptable"; in its place...
...today's nettlesome problems will abolish themselves. "As the less developed nations succeed in establishing viable economies and raising their living standards, our own economy will soar to new heights and our technology will be challenged as never before. Burdensome surpluses-even those of wheat-will disappear. Enlarged demand throughout the world will have to be met by new methods, and more effective use of resources everywhere...
...Vance Brand, director of the U.S.'s Development Loan Fund. Henceforth, in granting aid to foreign countries, announced Brand, the fund will "place primary emphasis on the financing of goods and services of U.S. origin." From now on, in other words, the Development Loan Fund is going to demand that its aid dollars be spent in the U.S., even if the same products are available more cheaply elsewhere...