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...Board Chairman Roger Blough, decided to take a stand on two propositions in this year's contract negotiations with the United Steelworkers: 1) increases in wages and fringe benefits must be noninflationary; and 2) collective bargaining must become a "two-way street," with the union yielding management a freer hand in control of plant operations...

Author: /time Magazine | Title: THE ECONOMY: Behind the Fog | 12/21/1959 | See Source »

Beneath this wide sweep of policy was a bedrock Administration decision to make the sound dollar the basis for the U.S. economic system, and to make a sound U.S. economic system the keystone of a free-world economic policy based on growing prosperity through freer trade. The drive was the President's own. But the man behind the drive was a tall (6 ft. 2 in.), mild-mannered Texan with a lingering touch of the prairies in his soft twang: Robert Bernerd Anderson, 49, Secretary of the Treasury and the strong man of Dwight Eisenhower's Cabinet...

Author: /time Magazine | Title: THE ECONOMY: The Quiet Crusader | 11/23/1959 | See Source »

...Greatest Challenge. In pushing toward broader aid and freer trade, Anderson is serving, as he sees it, not only the interests of the U.S. but the interests of all the free world. In his global view, his policies at home and his policies abroad are interdependent, just as the U.S. and the rest of the free world are interdependent. By fighting for sound money at home, he can encourage freer world trade by keeping the world's reserve currency, the U.S. dollar, dependably stable. By persuading Western Europe to assume a fair share of the foreign-aid burden...

Author: /time Magazine | Title: THE ECONOMY: The Quiet Crusader | 11/23/1959 | See Source »

...many areas: the scientific method is urged upon us, as is logic and rationality; democracy is often preached, and totalitarianism almost universally inveighed against; and in the humanities, standards of taste are handed down in a fashion that sometimes approaches coercion. Outside the classroom, some teachers feel even freer in pontificating on these and related questions, but there is almost no moral guidance or consideration of conduct, character, and duty...

Author: By Paul A. Buttenwieser, | Title: 'Moral Philosophy' in a Secular University | 10/15/1959 | See Source »

...being used as "protectionist devices" to keep down foreign competition. To Anderson's great satisfaction, Jacobsson virtually signed the death warrant for dollar discrimination by promising that the fund would act on a tougher policy "in the very near future," thus launching a major new step for a freer world trade...

Author: /time Magazine | Title: THE WORLD ECONOMY: Help for the U.S. | 10/12/1959 | See Source »

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