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...responsibility for the strike is Lovett's boss. Seven months ago, when the steel strike was imminent, Harry Truman felt the tug of all the complex influences which have grown out of organized labor's long kinship with the Democratic Party. He reacted instinctively - i.e., with reckless political partisanship. He abandoned Government's position of impartiality to rush to the side of labor, and in so doing, he tumbled into a constitutional crisis. He displayed an uncanny talent for demanding negotiations when they had no chance to succeed, for upsetting negotiations when the prospects were promising...

Author: /time Magazine | Title: LABOR: The Government's Strike | 8/4/1952 | See Source »

...until Feinsinger put his blessing on the union shop. When Feinsinger was asked at a press conference why the WSB stretched its authority to recommend the union shop, he blurted: "We were boxed in." Then he got around to a lawyer's justification of the WSB's reckless venture into a field that was none of its business...

Author: /time Magazine | Title: LABOR: The Government's Strike | 8/4/1952 | See Source »

...size. Iceland was low man with $15 million; the vast sterling area, which was admitted as a single trading partner, got $1.06 billion. If any nation went into debt, its IOUs were good, at least at the beginning. But the rules of the game made it tough on reckless losers: the moreIOUs a nation wrote, the larger the proportion of its debts it would have to settle in gold or dollars, instead of in its local currency. A converse rule protected the bank from over-lucky winners: the more credits a nation piled up, the smaller percentage of its surplus...

Author: /time Magazine | Title: WESTERN EUROPE: Billion-Dollar Poker | 7/21/1952 | See Source »

Knock on the Door. Hitler was well on his way to power when Schumacher arrived in Berlin in 1930 as a newly elected Reichstag Deputy from Württemberg. Almost immediately Schumacher made his mark. "He was most daring, most reckless, most lacking in respect," recalls the man who was then Reichstag president, "the same as today." His speeches were few but brash, sarcastic and courageous. One day in May 1932, after Goebbels had attacked the German Socialists on the Reichstag floor, Deputy Schumacher rose in fury to reply. "The whole National Socialist movement," he cried, "is only a lasting...

Author: /time Magazine | Title: GERMANY: Tiger, Burning Bright | 6/9/1952 | See Source »

Sharply and concisely, Judge Streit summarized a "heinous, degrading and shocking" picture: "I found that intercollegiate basketball and football at Kentucky have become highly systematized, professionalized and commercialized enterprises. I found covert subsidization of players, ruthless exploitation of athletes, cribbing at examinations, 'Illegal' recruiting, a reckless disregard of their physical welfare, matriculation of unqualified students, demoralization of the athletes by the coach...

Author: /time Magazine | Title: Sport: Degrading and Shocking | 5/12/1952 | See Source »

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