Word: inlanders
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Dates: during 1950-1959
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...five-figure starting salary. A Kuhn, Loeb partner, passing through Hoover's headquarters in Paris, had spotted Strauss as a truly promising young man. He was right. Sometime Shoe Salesman Strauss prospered spectacularly on Wall Street, pushed Kuhn, Loeb into highly profitable steel-company financing (Inland, Republic, Great Lakes), became a full partner at 32, piled up a fortune...
...after 25 years. Make that 20 years. That's what civil service has-why shouldn't we?" The steelman also wants enlarged health insurance to cover doctor bills short of hospitalization and to carry on after retirement. "That's when you need it most," said an Inland Steel worker...
...airborne area. The German infantry began to crumble. Still desperately fighting, the British punched out gains of six miles, the Canadians eight. The U.S. 1st and 29th Divisions battled into fortified villages behind Omaha, dug in. In the Utah sector the seaborne forces linked up with the airborne, pressed inland. The battle neared its moment of truth-the expected counterattack of Rommel's blazing Panzers. But that moment never came...
...businessmen, the newest problem at home and abroad is foreign competition. Inland Steel's President John F. Smith Jr. told stockholders: "A Peoria house builder can buy a keg of Belgian nails for a dollar less than from a local mill''-even after shouldering shipping and insurance costs and paying the U.S. tariff...
...this new competition has raised the question of how the U.S. can prevent itself from being priced out of world markets. Inland Steel's Smith is not alone in asking how much longer the U.S. can afford the contrast between the $3.03 average U.S. steel wage and, according to latest available figures, the 89? average for Luxembourg, the 78? average for Belgium, the 68? average for West Germany, or the 41? for Japan. One obvious but unlikely solution is for foreign countries to raise wages faster, share more of the benefits of rising productivity with their workers...