Word: ifs
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Dates: during 1950-1959
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THE WORKERS. Most can hold out another month without pain. Said Cleveland Banker Robert Mazanek: "The steelworkers' way of life today includes a strike every couple of years, and they save for it." Many strikers own houses, are borrowing against them instead of carving into their savings. In some...
THE PUBLIC. No previous postwar steel shutdown has been met with such public apathy. But there are warnings that may soon jolt that apathy. Said Chief Economist Beryl W. Sprinkel of Chicago's Harris Trust & Savings Bank: "By Oct. 1, the strike will be a significant depressant on business...
The capital-goods boom is triggering a burst in spending for heavy construction. The F. W. Dodge Corp. reported that construction-contract awards in 1959's first seven months jumped 11% to $22.5 billion. The new lift in heavy construction comes at an opportune time, just as builders are...
The best hope for solution to the seven-week-old steel strike lies in the natural pressure of economic forces on the parties involved. But when-and where-will those forces reach impasse-breaking strength? Last week, slowly but inexorably, they began to rise on all sides, starting a steady...
INDUSTRY. There are only spot shortages. Steel warehouses still have about 3,000,000 tons-just 700,000 tons less than when the strike began-are selling off 175,000 tons a week. The American Steel Warehouse Association checked 20 warehouses last week, found no sweeping nationwide increase in demand...