Word: holdes
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Dates: during 1950-1959
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Throughout the steel dispute, Truman has notably failed to coordinate the policies of his Wage Board and his Price Board. The latter body is supposed to hold down the price level, which cannot be done if wages in a basic industry take a rapid rise. The Wage Board, in the steel case, threw its weight on the side of a large wage increase. From this failure evil consequences flowed: 1) the irresponsible contradiction in Government policy aggravated the struggle between unions and companies; 2) Mobilizer Charles Wilson quit in protest; 3) Truman, seeking a way out, proclaimed a doctrine...
Before the Senate Preparedness subcommittee last week, Bernard Baruch, mobilization authority in two world wars, gave his considered answers: "We are losing. No decisive victory in the cold war is possible as long as the Soviets hold as terrifying an edge in military readiness over the West as they do today...
...finally to Columbia's Teachers College. Tugging at his mustache and rumpling his hair, he lectured in a gentle voice, pausing awkwardly now & then to glance at his crumpled fistful of notes, or to gaze distractedly out of the window. But however labored his delivery, his message took hold. Philosophy, he declared, could not lean on eternal verities, nor summon up answers, for there are no ultimate answers to be summoned. "The moment philosophy supposes it can find a final and comprehensive solution," said he, "it ceases to be inquiry and becomes either apologetics or propaganda...
...willing to lose it in return for a united, neutral Germany whose Ruhr industries sell impartially to the East & West. Germany would probably then have to give up its participation in the European Army; Schumacher is quite willing to. America's atomic bomb is deterrent enough to hold off the Russians, he says. This line of argument is highly persuasive-to Germans: all gain and no sacrifice...
...government can bring the market price of napoleons down by minting more of them, Pinay's bonds got another guaranty: the government will buy them back any time at the price, in francs, at which they were purchased. The tax-wary French were also assured that they may hold the bonds anonymously, thus transfer them at death without the inheritance tax collector hearing...