Word: high
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Dates: during 1950-1959
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Meeting in Manhattan last week, 2,000 delegates to the 64th Congress of the National Association of Manufacturers were fully prepared, as usual, for a series of speeches attacking high taxes. At the opening session they were jarred out of position by IBM President Thomas J. Watson Jr. He told them flatly that high taxes are essential in the struggle with Russia for world leadership...
...President's board of inquiry, which was set up under the Taft-Hartley Act, recommend the terms of a settlement; he promised to settle "within the framework of the board's recommendations." The President turned down the suggestion in favor of another try at collective bargaining. In high moral tones that stressed the nation's welfare, both sides pledged once more to forge ahead for a settlement-then went right back to bickering...
...Much Too Soon. In Washington, high Government officials admitted that they are appalled by the mulish stubbornness of both sides, but privately they tended to blame management more. They feel that management is trying to do too much in one contract, that it should settle the wage question now, leave the local work rules until later. Labor Secretary James P. Mitchell rapped labor for holding to "status quo at any price," and reproached management for "attempts to change by the bang of a single gavel working habits built up over many years." A renewal of the strike in January, said...
...meeting of Hong Kong garment leaders for the second time in a year: "Don't reduce your exports. Just don't ship unduly heavy quantities which would wreck a specific American industry." To many a successful Hong Kong Chinese garmentmaker, voluntary curbs seem to be a high price to pay for a success built with little U.S. aid in the face of stiff Japanese and European competition. Many are balking, though Lee argues that the industry "has grown too fast, must discipline itself" for the long-term benefit...
Biggest seller among the high-priced toys is a $30, bright-eyed, 3-ft.-tall plastic doll built like a three-year-old girl. The Ideal Toy Corp.'s Patti Play Pal has surprised even its makers, who shipped 500,000 dolls, found her copied by at least six other makers selling their versions for as low as $7.99. The first big doll to really catch on, Patti owes her success to the industry's ability to make her light in weight (4¾Ibs.) and so lifelike that she can wear her owner's clothes. Other...