Word: formulas
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Dates: during 1960-1969
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...more than three months, Congress searched in vain for a formula to head off a railroad strike. Last week it faced the urgent task of ending...
...rail employees and paralyzed 95% of the nation's 216,000-mile rail network. Lyndon Johnson, in no mood for a repetition of the airlines debacle, called the strike a "national crisis" and urged Congress to take immediate action. Swiftly, the House and Senate found the formula that had eluded them for so long. Barely 48 hours after it had begun, the first nationwide railroad strike in 21 years was over...
...labor, the formula for an imposed settlement sounded suspiciously like compulsory arbitration, though the Administration called it "mediation to finality." Whatever its name, the plan was another in a line of stopgap solutions. As such, it pointed up the need for Johnson to make good on his 18-month-old promise to propose permanent legislation against crippling strikes. For, notwithstanding congressional-and presidential-squeamishness on the subject, the fact is that in some strikes, as the President himself said last week, "the public interest must take precedence over private interests...
...cigar (which he occasionally chomps in half during the heat of creation, especially when singing), he continues to strike inventive sparks off the keys. "All the time you got to come up with fresh ideas and play the old pieces different," he says. Creativity is part of his formula for longevity, along with brandy and "a good home life...
...proved a profitable formula. Sales have doubled in a decade, and this year the company is certain to go past the $500 million mark. Earnings advanced by a highly impressive 24.7% during the first half. Walgreen stock has risen correspondingly, from...