Word: hitting
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Dates: during 1950-1959
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Four Republican and three Democratic Senators last week signed the most scathing bipartisan indictment of a large segment of U.S. organized labor to come out of a congressional committee since the unions hit their heyday under the New Deal. In an interim report based on 16,000 interviews by investigators, testimony by 486 witnesses at hearings and 17,485 transcript pages, a special Senate committee headed by Arkansas Democrat John McClellan freely used such words as "plunder" and "hoodlums," "gangsters" and "thievery" and "collusion," and "crime against the community." Major finding: "Union funds in excess of $10 million were either...
...hell are we (on this planet) to believe we are the only humans in all the cosmic world? Astronomer Struve says: "It is perfectly conceivable that some intelligent race meddled once too often with nuclear laws and blew themselves to bits." This is just about what may hit us-if we keep monkeying around with nuclear fission...
...will be slow for the rest of the year, that stocks will seesaw in a narrow range. The big test of whether the market has seen its low will come in the next six weeks, when companies release their first-quarter earnings. Railroads, copper and other metals, already hard hit in 1957, are not likely to improve. Nevertheless, Wall Street feels that the basis is being laid for a rise in late 1958 and 1959. One clue is the widening spread between stock dividends and bond yields. In July, when stock prices were high, bonds yielded only .32% less than...
...growing suburbia, has still to feel a serious recession pinch. In the metropolitan area, jobs were climbing again after a January dip until nipped by the garment strike, and upstate unemployment is edging down. In Long Island's booming Nassau and Suffolk Counties, which had been hard-hit by cutbacks in defense spending, new industry is moving in at such a rate that some 75 new plants are under construction to add more electronics, nuclear energy, plastics, clothing, to the area's economy. Peak unemployment hit 45,000 out of 675,000 working in mid-February...
Another encouraging sign comes from railroaders, who reported that freight car-loadings, which had one of the worst slides, may have hit bottom. Though car-loadings for the year are still 17.5% below 1957, railroaders attribute at least part of the trouble to winter snows that tied up Eastern lines during February, and note a small but definite uptrend so far in March. A second hint that companies may start ordering soon: during a walkout at Aluminum Co. of America's Alcoa (Tenn.) plant late in January, General Electric Co. got a court order after four days to enter...