Word: groundfish
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Dates: during 1950-1959
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...commercial fishing. In recent years the pier has also become a symbol of the industry's steady decline. Since World War II, Boston's trawler fleet has dropped from 140 to 79, its once huge force of fishermen to 2,000, its share of the vital groundfish market (e.g., flounder, haddock, cod), which was once 90%, to 45%. Yet last week the Boston fish pier was sprucing up as if it had not a worry in the world. Fresh coats of paint covered the weather-beaten buildings, ramshackle structures were being razed, new signs warned filthy-booted fishermen...
Overturning the unanimous recommendation of the U.S. Tariff Commission, President Eisenhower last week rejected a plea by the New England fishing industry that he raise the tariff on groundfish fillets (i.e., boneless cuts stripped from pollock, cod, haddock, other bottom fish) and thus protect beleaguered U.S. ground fishermen against further imports (now 128 million Ibs. -annually, three times higher than in 1945), chiefly from Canada, Iceland and Norway. While fully aware of the domestic problem, explained the President, "I am ... reluctant to impose a barrier to our trade with friendly nations"-and especially with nations whose "economic strength...
Eisenhower, who has until July 27 to make a decision, last week gave a clue to his intentions. He overruled a Tariff Commission recommendation that he raise the tariff and set quotas on groundfish fillets (cod, flounder, etc.), now being used in the fast-growing new product, fish sticks (TIME, May 17). Said Eisenhower: higher tariffs and quotas "would hamper and limit the development of the market." But if Ike overrules the commission on watches, the Administration may decide to give the watchmakers more defense orders to make up for their lost watch business...
...shears. The Tariff Commission had found that imports from Germany and Italy constituted "a definite threat of serious injury," and recommended doubling the present 42% tariff. President Eisenhower canceled the increase on the ground that no imminent threat was proved. Among the other cases: ¶Fishermen are aroused by groundfish fillet imports (largely from Norway, Canada and Iceland), up from 9,000,000 Ibs. in 1939 to 107 million last year. ¶ Lead and zinc producers complain of shutdowns and layoffs in U.S. mines because "a flood of imports has demoralized the domestic mining industry." ¶ Makers of woolen gloves...