Word: felted
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Dates: during 1950-1959
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Ohishi, only 19 when he suffered internal injuries in a traffic accident, seemed to have made a full recovery after surgeons patched up his torn stomach and intestines. But by 1934, when he was working as the village well digger, Ohishi found that he felt flushed and giddy, and his head got heavy ("like a sake hangover") soon after he ate bread or potatoes. Friends twitted him for secret drinking. In China, during World War II Army medics rated him "perfectly fit." So officers continued to abuse him for drunkenness, while enlisted buddies searched in vain for his source...
Before and during the ten long weeks of marathon bargaining, President Eisenhower had warned both management and labor not to make an inflationary settlement, i.e., one in which wage increases would be so big that they would force price increases. To prove how serious he felt about the dangers of inflation, Ike last week vetoed a housing bill because he considered it inflationary. His words-and a torrent of warnings from every quarter-had awakened the nation to the perils of new inflation. As it met with labor last week in Manhattan's Roosevelt Hotel, steel management was keenly...
Management was willing to make some concessions, but only in return for others on the union's part. Many in and out of the industry felt that the companies were willing to give perhaps 10? an hour (TIME, June 29) if the union permitted them to reclassify jobs, eliminate featherbedding to take full advantage of automation, make other changes to improve efficiency. Such an exchange, the industry figured, would not boost overall payroll costs, thus causing a rise in steel prices. But the union rejected the swap, arguing that management's talk of featherbedding was "pure, unadulterated bunk...
...give a boost to foreign competition, and eventually cost jobs in the mills. The most remarkable point of a new Gallup poll out this week is not that 51% of those polled said that steelworkers should get no pay raise, but that 40% of the families of union members felt the same way. For all these reasons, it was clear that Dave McDonald would walk away this year-after either a contract or a strike-with far less than the "even greater agreement" than 1956, which he promised his workers at the start of the bargaining...
...that it would be very bad for the Government's credit if the financial community, here and abroad, got the idea that the U.S. had officially embarked on a soft-money policy. At week's end the Treasury was swinging around to Martin's stand, felt that taking the Metcalf amendment was worse than having no bill...