Word: musts
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Dates: during 1950-1959
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...change norms laid down by Plato and Aristotle themselves. "In ancient Greece," said Dr. Kalliniki Dendrinou Antonakaki last week, as Parliament debated implementation of her newly adopted Educational Reform Act, "education taught only the pursuit of the esthetic ideals of truth and beauty. Now that society has changed, education must change...
...steel strike." Comparing current earnings with profits in recession 1958, said Bethlehem's Homer, was comparing "apples and pears." Republic's White called his company's second-quarter record "to a major degree a result of robbing business from the third quarter." Such profits, he said, must be "the regular order of business" if the industry is to modernize and grow, compete against foreign firms and other materials at home. But the industry's argument did not stem the union's expected attack. Cried Steelworkers Boss David J. McDonald: "The astronomical profit figures completely demolish...
...Biggest gains were in home building, which leveled in July at a seven-month rate 32% above last year. So great is the demand for funds to finance home mortgages that Federal Reserve Board Chairman William McChesney Martin Jr. warned: "Overstimulation of building activity under currently developing boom conditions" must be held in check to avoid a later downturn...
...comeback champion of U.S. business so far in 1959 is a horn-handed engineer who has a word of Art Shay advice for every faltering firm: "You must compete in areas where you are prepared to compete." With this credo, Harold Eugene Churchill, 56, climbed to the presidency of Studebaker-Packard Corp. and led the company back from the brink of bankruptcy. Unlike other auto chief executives, Churchill does not compete as a supersalesman or financial whiz. He came up as an oldtime, dirty-fingernail mechanic, who still loves to tinker under an open hood. Realizing that S.P. could...
...company's ad budget and dealer network are so limited that, as Churchill says, "our car must sell itself." He constantly preaches quality, plasters plants with signs proclaiming, QUALITY CAN'T BE REPAIRED INTO A CAR. He fears that as the U.S. living standard has gone up, the pride of the U.S. worker in doing a quality job has gone down. "Mercedes-Benz products are the highest crafted autos in the world," he says of the West German cars that S.P. distributes in the U.S. "We couldn't build the kind of product Mercedes-Benz builds." Mercedes...