Word: localize
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Dates: during 1950-1959
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Although Harvard did not participate in last year's tourney, representatives of the Bridge Club are confident that the Crimson will continue to field teams in these annual meets, as well as local contests...
When the AFL-CIO Ethical Practices Committee passed a code outlawing rackets and racketeers from its member unions, the Teamsters union began to take action on its long threatened plan to quit or at least undermine the AFL-CIO. As John O'Rourke, head of the New York local put it, his boys would cross the picket lines of those unions which "spend all their time kicking our brains...
...Yourself. Calling the workers together on his first day. Rackley made a blunt mill-yard speech. Jessop could survive, said he, if everyone contributed extra work without pay and accepted back pay in company stock. Then he led the workers in prayer. The union local president stood up and said: "The guy makes sense...
Foot on the Pedal. Working seven days a week, against local skepticism so profound that for a long while grocers refused credit to his own family, Frank Rackley slowly amassed community support that helped swing a $1,000,000 Reconstruction Finance Corp. loan in 1950. With the loan for working capital, Rackley was in business. He became one of the youngest steel presidents in the industry. With heavy Korean-war orders to help, Jessop Steel netted $400,000 in 1951, $1,800,000 in 1952. Though earnings fell to $25,000 in 1954, Jessop came back handily through the rest...
...Since 1948, President Shanks has spent millions to move large chunks of the Pru's business from its Newark headquarters to regional offices in Los Angeles, Houston, Minneapolis, Jacksonville, Toronto and Chicago. Said Shanks: "Our projects apparently stimulated other people to invest and press forward for a developing local economy. The same will be true in Boston. We expect more and more investments to go into New England to bring it the glory and prosperity it deserves...