Word: laborism
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Dates: during 1940-1949
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...years of service at age 65, workers would be paid enough out of the fund to give them a $100-a-month pension, counting in their Social Security. As Social Security increased, Ford's part of the obligation would decrease. Ford could count on a lessening of its labor turnover; workers could look forward to a more secure...
Steel and coal made the big news. But across the nation's labor fronts three other costly, protracted strikes tugged at the economic lifelines...
...pale green floor of the House of Commons last week the champion orators of the Labor Party and of the Tory Opposition clashed in head-on combat. Technically they were debating Britain's monetary plight, but they both made slambang political speeches aimed straight at the forthcoming national elections...
Winston Churchill is the descendant of great nobles. Minister of Health Aneurin ("Nye") Bevan, a quarter-century younger, is the descendant of Welsh coal miners. Both have a look of pink cherubic majesty; both are enormously effective speakers. In the four years of the Labor government Bevan and Churchill, who hate each other, had not been directly opposed as principals in a Commons debate...
Squirrel & Cage. Chancellor of the Exchequer Sir Stafford Cripps had opened for the government with an able but unexciting defense of his devaluation of the pound. When his turn to speak came, Winston Churchill peered owlishly over his spectacles and said that the Labor government's policy and makeshift expedients had brought the nation close to bankruptcy. A Laborite heckled: "Sell your horse!" Churchill shot back: "I could sell him* for a great deal more than I paid for him, but I am trying to rise above the profit motive...