Word: stand
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Dates: during 1950-1959
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Management's tough stand was no idle pose. Big Steel, led by U.S. Steel Corp.'s Board Chairman Roger M. Blough, was bent on halting steel's relentles's postwar trend: ever higher wages, ever higher prices-both up about 150% since 1945. With U.S.-made steel all but priced out of foreign markets and losing domestic markets to low-cost foreign steel (TIME. July 20), the steel industry finally decided to hold out against a wage boost unless the union conceded management more freedom to trim costs by cutting down on "featherbedding and loafing...
...months of poking through the scandals of Top Teamster Jimmy Hoffa and his pals, the Senate rackets committee thought it had uncovered all possible varieties of union rough stuff and muscle flexing from A (for assault with a deadly weapon) down to Y (for yelling from the witness stand-see Investigations). But it missed the last letter, until Z turned up around the House of Representatives recently in the form of a hard-boiled Hoffa lobbyist. His name: Sidney Zagri...
...destruct" button. Belching orange flame and black smoke, its upper-stage rockets exploding, the space monster crashed to the ground barely 150 ft. from the blockhouse where 55 scientists and technicians were watching (it was more than an hour before they could come out safely). From an observers' stand a quarter of a mile away, photographers got what may be history's best view of the business end of an oncoming missile. Explanation of the failure: an inverter did not feed current into the guidance system, and so the bird flew aimlessly. Dr. Walter Orr Roberts, director...
Visitor: Excuse me. Do you mind if I stand here and observe? I've never watched a brain surgeon at work before...
...pointed out that it would be very bad for the Government's credit if the financial community, here and abroad, got the idea that the U.S. had officially embarked on a soft-money policy. At week's end the Treasury was swinging around to Martin's stand, felt that taking the Metcalf amendment was worse than having no bill...