Word: distressed
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Dates: during 1940-1949
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...difficulty was not all of his own making: the industry was sick; it could no longer sustain all its mines working full-time all year. The question was whether John L. had found the right answer: in effect a three-day week only divvied up the distress...
...says Kristol, will never agree on truth. The issue between them is simple and clear-cut. Religion asserts "that the understanding of psychoanalysis is only a dismal, sophisticated misunderstanding, that human reason is inferior to divine reason, that the very existence of psychoanalysis is a symptom of gross spiritual distress . . . Psychoanalysis, religion might say, comes not to remove insanity, but to inaugurate...
...started Oct. 1 over "a matter of principle": Should the steel companies foot the whole bill for employees' pensions and insurance (as proposed by President Truman's fact-finding board), or should the Steelworkers chip in for some of the cost? But as time passed, as distress hit the steel towns and major segments of U.S. industry began to stifle for lack of steel, Phil Murray and Bethlehem decided to get down from abstract principle and talk cents...
...looked as if the Morgan "miracle" had staved off disaster. "Business," announced Secretary of the Treasury Andrew W.Mellon, "is fundamentally sound." The Cleveland Trust Co.'s Leonard P. Ayres said there had been a security panic, with no economic basis. Banker Lament pronounced it only "a little distress selling." The National City Bank's Charles E. Mitchell saw "nothing fundamentally wrong with the stock market...
...care of by trucks, buses and competing rail lines. But in Arkansas, 55 factories employing almost 3,500 persons were closed because of the MoPac shutdown; farmers in the Kansas City area reported heavy losses because of lack of transportation for their livestock. Confronted with the certainty of such distress, the MoPac strikers had refused to work through the National Railroad Adjustment Board, which is established by law for the settlement of just such matters...