Word: localize
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Dates: during 1950-1959
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...Bender investigation (see cut). But when a newsman asked to see some of the evidence that Bender claimed to have in his files, Bender could produce nothing more convincing than a letter he had sent to Charles C. Curran, secretary-treasurer of a bakery drivers' (Teamsters) local in Tacoma, Wash. "We would like to know," said Bender's letter, "if there have been any cases of racketeering or gangster alliances in your local, and what action has been taken officially to eliminate such elements...
...Florida. U.S. Judge Joseph Lieb ruled that a clutch of state school-segregation laws were unconstitutional. But instead of ordering schools directly to accept Negro applicants, Minnesota-born Judge Lieb called attention to the state pupil-placement laws, which give assignment authority to local school boards. Until pupil-placement laws are challenged and declared unconstitutional, said he, Negro applicants will have to abide by school-board assignments...
...Iraq. Nasser's regime signed a contract with a Soviet delegation in Cairo for the building of Nasser's Aswan high dam, and Nasser's propagandists, covering the boss's anxious retreat, put out the naive-sounding line that Arabs must distinguish sharply between bad local Communists and good Russians. Nothing in the Syrian unpleasantness, wrote Nasser's trained seal. Editor Mohammed Heikal of Al Ahram, must be allowed to affect "in any way the great victory we achieved in earning the friendship of the Soviet Union...
...record levels. As labor incomes slipped $6.2 billion by April, chiefly from the declines in autos. and thus in steel, payments from unemployment insurance, pensions, social security, etc.. automatically climbed $5.5 billion (to $26.1 billion annually) and took up the worst of the slack. Increasing federal, state and local outlays for needed schools, hospitals, dams and roads helped keep construction growing to a record $48.8 billion. The 1957 housing slump was turned around (1,170,000 new housing starts in 1958) with the aid of beefed-up FHA, VA and Fannie May programs. Good weather and fine crops gave...
...Consumer. The greatest single force in keeping the recession local-and then turning it around-was the monied U.S. consumer, the same man who, as investor, sent Wall Street's Bull to the moon. By old-fashioned doctrine, recession is a time when consumers cut down their spending. In 1958 the confident U.S. consumer continued to buy, and then some. He became the economic hero of the year-and demonstrated several other facets of the new economy...