Word: fulbrighters
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Dates: during 1950-1959
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...members of the U.S. Congress walk both sides of the street as successully as Arkansas' Senator James William Fulbright. Often described as a "passionate Democrat" and a liberal, he is also good at conforming to his constituents, many of whom are far from being liberals. For instance, Fulbright knows how to tip his hat to Southern industrialists who capitalize on cheap labor. Last week, Dr. Full was in eclipse and Mr. Bright had the spotlight...
...Fulbright pushed through Congress a bill under which the courts could review U.S. Department of Labor prevailing minimum wage orders. His purpose was plain. Under the Walsh-Healey Public Contracts Act, the Department of Labor had set nationwide minimum wages for manufacturers and suppliers holding $10,000 or more in Government contracts. Since the Labor Department's minimums were affecting the wage scale throughout the textile industry, Southern textile men wanted to attack the order in court. After Fulbright put through the amendment, the Southern manufacturers sued to wipe out the national minimum of $1 an hour in cotton...
Although Sen. William J. Fulbright (D-Ark, the chairman, publicly announced March 21 that a decision on Galbraith's recall would be made at the executive session. Galbraith revealed that he was asked unofficially to prepare the written statement for presentation at the secret meeting...
...Asked what he thought about raising margin requirements above the present 60%, Baruch retorted: "How can you really, in good conscience, say to a man he cannot buy stocks except on 100% when they can buy anything they like with nothing down? It just does not make sense." Fulbright tried to trap Baruch into endorsing the earlier testimony of Harvard Economist John K. Galbraith, who thought he saw some parallels between the current market boom and the period just before the 1929 crash. Baruch smoothly said he knew nothing of Galbraith "to his detriment," then added: "I think economists...
...week's end Fulbright seemed relieved that the first phase of his "friendly study" had ended. He conceded that he had turned up "no major abuses,'' puzzled some businessmen by adding: "I didn't expect to find any." Although Fulbright can resume hearings in the next fortnight or issue some kind of face-saving report, old Washington hands thought he would be happy to adjourn his investigation indefinitely. Democrats know the study is, at best, doing them no good. At worst. if the market skidded or business turned down, Democrats would be blamed...