Word: ike
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...days later, the President of the U.S. all but fulfilled the steelworker's wish by summoning the top men on both sides of the steel strike to the White House for head-banging sessions. "I am getting sick and tired of the apparent impasse," Ike told his press conference, and "so are the American people...
...will start shutting down in November. Even Ford, which makes 40% of its steel at the integrated Rouge plant, expects to be hit by early December. This week at his press conference President Eisenhower said he was "getting sick and tired of the apparent impasse." Free collective bargaining, added Ike, "the logical recourse of a free people in settling industrial disputes, has apparently broken down." The President strongly suggested that the Administration would now step in if labor and management failed to reach agreement...
President Eisenhower, preparing to confer with Chairman Khrushchev this week at Camp David, Md., described to his press Conference in Washington the full measure of what was involved in the confrontation. Dedicated Communists, said Ike, believe that their system is a "progressive step in the long march of civilization. We do not. We do not have a real system; we have a way of life. We are concerned in giving every individual the maximum freedom to develop himself...
...will soon see that Congress did it no favor in trying to keep interest rates under the 4¼% ceiling, which now has turned out to be no ceiling at all but rather a prime cause of higher interest rates. Once the public is educated to that fact, said Ike. "Congress will feel the heat of truth about this matter and do something." At week's end the public was about to be educated. In Washington, the Federal Housing Administration prepared to raise the home mortgage rate from 5½% to 5¾%. a step expected to drain...
...letter seemed to accomplish little. The industry's reply to Ike reiterated its position that a wage increase would be inflationary. Steelworkers President David J. McDonald renewed his bid for face-to-face meetings with the chief executives of the twelve companies. In deference to the President's request for uninterrupted bargaining, the union and management negotiating teams held their first weekend session, though neither side showed any sign of budging from its position...