Word: protection
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Dates: during 1950-1959
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This week in Washington, Labor Leader Walter Reuther would tell his side of the long-drawn-out Kohler strike to a Senate investigating committee that was hotly divided in its attitude toward the fiery United Auto Workers leader. Democrats would try to protect Democrat Reuther; Republicans were hoping to provoke him into left-wing excesses. Reason: the four-year-old Kohler strike is the nation's major labor-management battleground...
Securities and Exchange Commission staff actually is smaller now than in 1951. Progress has made some agencies obsolete. The Interstate Commerce Commission, established to protect the public from railroad monopoly, has been outmoded by the growth of competing trucks, buses and airlines. Its tight control of railroad routes and rates, which of.ten keep the railroads from cutting to compete, has a strangling effect. Many transportation experts feel that the ICC should be abolished...
...world of corporate business, the closest thing to a western movie is a proxy fight. The good guys and bad guys unlimber their six-shooters in ads in the newspapers' financial sections. The sheriff (Securities and Exchange Commission) tries to preserve law and order and to protect the widows' and orphans' stock. Each side ropes and brands countless stray cattle (small stockholders) before the big roundup (the proxy count). At "High Noon" (the annual stockholders' meeting) somebody has to bite the dust...
...owners dug nearly $300 million worth of gold over the years from a maze of galleries running five miles into the earth, they never laid a serious shovel on the iron. In fact, they had bought the lematite ridges humping hundreds of feet high around the property only to protect water rights for their gold mining. Hanna will modernize the gold mine, but the main play is iron...
...rank in the presence of the Minister of War himself, General Mercier, who looks down with cool indifference upon the ruined man, apparently not in the least concerned by new evidence, just handed to him, which proves Esterhazy guilty and Dreyfus innocent. Indifferently, the general turns away. "We must protect the institution," he bristles self-righteously, "even at the expense of the individual." And so Dreyfus is shipped away to Devil's Island, sentenced for life to solitary confinement...