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...Warning. At Kennedy's request, a task force of economists headed by M.I.T. Professor Paul Samuelson, one of Kennedy's most trusted counselors, delivered a thick report which warned that 1) the slump is bad, and 2) it could very easily grow worse, with unemployment topping the post-World War II peak of 7½% Among other things, it urged fat federal unemployment subsidies to guarantee every jobless worker at least 50% of his wages for 39 weeks; big Government spending programs for health, welfare, urban renewal, school buildings and teachers' salaries; more construction of highways, post...

Author: /time Magazine | Title: The Economy: Advice from Activists | 1/13/1961 | See Source »

...other men, nor that the scientist in the street would be better at secret decisions than, say, the historian in the street, whose discipline is also constantly undergoing revision. Probably neither would do well as a politician. Only Snow's immense common sense keeps him from sounding like the post-World War I expert-ists such as Veblen and Walter Lippmann...

Author: By Joseph L. Featherstone, | Title: 'Science and Government' | 12/6/1960 | See Source »

Basic & Bothered. The grimness came with the sudden realization by pickets and public that management had its teeth clenched. Setting a post-World War II precedent for a major industry, the steel companies let the negotiations sputter to an end without making even a minimum money offer for the workers to think about. The steelworkers had offered to settle for the same terms they won in 1956 after a 36-day strike: a three-year contract with a yearly raise of about 15? an hour, plus a cost-of-living escalator clause. Management's counteroffer: either...

Author: /time Magazine | Title: THE NATION: A Two-Way Street? | 7/27/1959 | See Source »

Despite harassment by the Menderes government, Inonu, military hero of Turkey's post-World War I struggle against Greek occupation, was determined to make a political tour of the country. He had been struck and buffeted by Menderes mobs on a trip through Turkey's Aegean provinces (TIME, May n). He had returned to Istanbul to find a crowd of Menderes partisans waiting at the ruined 5th century city walls built by Theodosius II. The mob charged Inonu's car, smashed in one of its windows with heavy rocks. Led by Republican members of the nation...

Author: /time Magazine | Title: TURKEY: The Saint & the Soldier | 5/18/1959 | See Source »

Died. Eduard Alexander van Beinum, 58, one of the world's outstanding orchestra conductors, who shaped the post-World War II reconstruction of Amsterdam's famed 71-year-old Concertgebouw, transpolar commuter who since 1957 had directed both the Concertgebouw and the Los Angeles Philharmonic; of a heart attack; while rehearsing on the podium in Amsterdam...

Author: /time Magazine | Title: Milestones, Apr. 27, 1959 | 4/27/1959 | See Source »

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