Word: laborings
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Dates: during 1950-1959
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...Wall Street Investment Banker David Van Alstyne Jr., he agreed to go to the rescue of St. Louis' ailing Emerson Electric Manufacturing Co. (fans, small motors) in return for $24,000 a year, plus a stock-option deal. Emerson was deep in the red and battered by labor troubles, had barely managed to survive a bitter, 53-day sitdown strike in 1937. Taking over as president in unpromising 1938, Symington new-broomed away most of the old management, set about winning over his workers. William Sentner, Midwest boss of the United Electrical Workers, was an avowed Communist, but Symington...
...inner-circle businessmen who gathered at St. Louis' plush Racquet Club grumbled bitterly about Symington's "sellout" to labor, and to this day some of them remain convinced that his romance with U.E.W. was a bit of cynical expediency, however well it may have worked for Emerson Electric. The accusation overlooks Symington's authentic streak of respect for labor, which stems from his grimy days as a chipper and moulder in his uncle's foundry. Over the years, Symington has won the warm respect and esteem of the Electrical Workers' high-voltage President James Carey...
...capital's most accomplished collector of enemies, found a new one in his erstwhile chum, Wisconsin's Kennedy-leaning Senator William Proxmire. Invading Milwaukee for a speech, Morse lashed out at the "gutless wonders" and "phony liberals" who had voted for "the Kennedy-Landrum-Grifnn labor reform bill" (TIME, Sept. 14). Proxmire hit back: Morse's attack "indicates an unbalanced, arrogant extremism and speaks eloquently for the reform bill we passed." If Still in uphill pursuit of Vice President Richard Nixon for the Republican presidential nomination, New York's Governor Nelson Rockefeller dropped by the White...
Beautiful Head. Twenty years ago, Trieste was second only to Genoa among Italian ports; today it is eighth. Trieste's maritime traffic has dropped 25% in the past two years, and rail traffic is less than half the 1957 rate. More than 17,000 Triestini (12% of the labor force) are unemployed, and the number of "disguised unemployed"-their livelihood provided by government make-work projects-is steadily increasing...
Trieste, says its mayor, has become "a beautiful head without a body or bloodstream." Under the 1954 agreement, almost all the city's Istrian hinterland went to Yugoslavia. The Yugoslavs have worked hard to build up nearby Fiume (now called Rijeka) as a rival port. By keeping labor costs at coolie levels, Rijeka offers shippers rates running 20% to 50% below Trieste's. The nations of the old Austro-Hungarian Empire, for which Trieste used to be the prime port, are mostly Communist now, but even non-Communist Austria has diverted so much of its business to Rijeka...