Word: laughlins
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...DIRECTIONS XI .(512 pp.)-Edited by James Laughlin-New Directions...
...speedy end of the 31-day steel strike in the rest of the industry seemed inevitable. Other big steelmakers-Jones & Laughlin, Republic, Youngstown Sheet & Tube-were ready to follow Bethlehem's lead. The little steel companies had little chance once the chink appeared in the industry's front, were almost sure to sign with the Steelworkers and get their blast furnaces and open hearths roaring again. U.S. Steel, the kingpin, could hardly afford to hold out longer with Bethlehem gone from the struggle...
Even before the strike, overall steel profits had begun to slip. Though U.S. Steel's third-quarter profits were up 13% from a year ago and Bethlehem's up 1.9%, Allegheny Ludlum was in the red, Republic and Inland's nets were off 23%, Jones & Laughlin's 44%, and ten other companies showed corresponding decreases. Nearly all the oil companies were down and many another industry showed a turndown when compared with 1948's third quarter, an alltime record...
...pension and welfare plan financed entirely by management would set a precedent, Ben Fairless was not on firm ground. Murray's union already had a number of noncontributory contracts among some 400 pension and insurance agreements with the steel industry and metal fabricators. Bethlehem Steel and Jones & Laughlin had been paying the full cost of pension plans for more than 20 years. Fairless' U.S. Steel itself had been an important party to the royalty-pension contract which operators of soft-coal mines had signed with John Lewis (see below). A steel spokesman said: "The Government forced that down...
...unseen but terrifyingly powerful bombardment lasted for three minutes and 20 seconds while Laughlin nursed his controls. When the machine's electrical brain reported that the prescribed dosage of 100 roentgens had been delivered to the patient, it shut itself off. "O.K.," said Laughlin, "that's it." Thus the University of Illinois unveiled its betatron, the first of such power to be used in the U.S. for medical treatment.* Its advantage over earlier X-ray producers, most of which generate no more than a sixtieth of its power, is in the penetrating power of its high-speed, ultra...