Word: joblessness
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Despite all these bleak points, there is little destitution. When their unemployment benefits lapse, the jobless are being kept afloat by savings, city welfare benefits, church charities, veterans' pensions, railroad retirement checks and social security. Queried by TIME correspondents, employment experts around the country last week were virtually unanimous in predicting that unemployment will get worse before it gets better. Even if a boom comes soon, says the Labor Department, unemployment will roll along a high plateau...
...problem was the rabble-rousing Governor, Huey Long. To win votes, Huey taxed Standard so heavily that it shut down its Baton Rouge refinery. When 8,000 jobless workers assembled to march on the capital with pistols and hunting rifles, Long quickly suspended the tax. Later, Long suddenly boosted Standard's taxes $20 million, summoned Rathbone. When Long, always trying to infiltrate Standard, asked for a job for a pal, Rathbone insisted that he would take him for a 30-day trial, keep him only if he worked out well. Long canceled the tax on the spot...
Goldberg's greatest triumph is cited as winning the steel strike with a tremendous raise for the steelworkers. So now the steel mills are operating at 50% capacity, steelworkers are jobless in a distressed area, and American gold goes out of the country to pay for cheaper, imported foreign steel. A few more such victories for Goldberg and he can qualify for Champion Killer of Geese That Lay Golden Eggs...
...most trusted counselors, delivered a thick report which warned that 1) the slump is bad, and 2) it could very easily grow worse, with unemployment topping the post-World War II peak of 7½% Among other things, it urged fat federal unemployment subsidies to guarantee every jobless worker at least 50% of his wages for 39 weeks; big Government spending programs for health, welfare, urban renewal, school buildings and teachers' salaries; more construction of highways, post offices, military bases, etc. Cost: "$3 billion to $5 billion...
...jobless Democrat likely to be left behind in the march to the New Frontier is Oregon's rambunctious ex-Congressman Charles O. Porter. Defeated in a third-term bid last November, Porter swiftly submitted his "qualifications" for 23 different patronage jobs to the Democratic National Committee. Admits Porter: "They haven't given me the time...