Word: lester
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...higher 1958 prices the trouble? The Senators heard Chrysler's President Lester Lum Colbert implicitly deny it. "Tex" Colbert insisted that automakers can still have a good year "as soon as we get over this psychological thing" of recession-minded customers. "Prices are only a part of competition," he said. "You just can't go along with supply and demand. You price over a long-range program." Chrysler tried smaller cars in 1953-54. They were shunned in favor of larger (and cheaper) models made by G.M. and Ford. Chrysler tried cutting prices...
From the other members of autodom's Big Three came equally chill words. Chrysler's Lester Lum ("Tex") Colbert sent word that in his view Reuther was proposing to "fight inflation by making a whole series of new inflationary demands." Ford's Board Chairman Ernest Breech, speaking in Nashville, said "giant labor unions, with unprecedented monopoly power." are putting a "steady squeeze on corporate profits and constantly increasing the price for goods and services...
...Canada's Liberal Party, out of power since its upset defeat by the Conservatives last June, met in Ottawa lastweek to pick a new leader. The delegates' choice: Lester Bowles ("Mike") Pearson, 60, former Secretary of State for External Affairs and winner of the 1957 Nobel Peace Prize for his role in creating the United Nations Emergency Force for the Middle East...
Assisting the Lord is a thoroughly professional organization, superbly run on a shoestring by Bondurant and Maintenance Chief Lester Bancroft, 31, a veteran of Continental Airlines. Planes are constantly monitored over war-surplus radio equipment, must report every 15 minutes, are required to stay down after dark. Each man packs a mosquito net, air mattress and survival rations, is reminded in case he runs out of food to "eat what monkeys eat." "Fact is." says Maintenance Boss Bancroft, "we never had a serious accident. We feel the Lord is with...
...imports might be cut off by submarines, the U.S. will be thrown back on its own oil production, thus must keep the independent producers healthy. But Canadians sensibly pointed out that their oil is shipped in pipelines and would not be cut off. Warned former Canadian External Affairs Chief Lester B. Pearson: "Any further restrictions on Canadian imports into the U.S. would make further defense cooperation more difficult." The Canadian press seconded him. The conservative Toronto Telegram's Washington Correspondent James M. Minifie snapped: "Are safety-pin assembly lines closing down? Jack up the protection. Who cares about friends...