Word: steel
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Dates: during 1940-1949
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Shades of Dunkirk. Explained one of his lieutenants: "The Old Man's dead against showing too much target for them to attack us. Instead, he's set on seeking out the cracks in their armor and probing home his steel wherever he can penetrate." In accordance with their platform, The Right Road for Britain (which has sold 2½ million copies since it was published last summer-TIME, Aug. 1), the Tory leaders called for a reduction of taxes and government spending, promised they would keep Labor's social services but manage them less wastefully, would halt...
...steel union ended all chances of settlement by insisting on a non-contributory benefit program," Edward Myers of the United states Steel Corporation said last night in an HLU-sponsored debate with Kenneth Glynn of the United Steel Workers Union...
Myers, addressing a Brooks House audience composed mainly of Business School students and Steel Union members, pointed out that his company has agreed to lay out ten cents per hour for an old age and insurance benefit program as requested by the Presidential Fact-Finding Board, but only on the condition that the workers also contributed to the program...
Except for a slump in railroad carloadings there were few signs as yet that the strikes were having much effect on business. It would be several weeks before most auto manufacturers felt any real pinch in their steel supplies. Some businessmen were cutting down on forward buying, and steel warehouses were planning to allocate their dwindling supplies. But Mill & Factory magazine, in its latest survey of 1,000 manufacturers, found that 63% of them thought that the business outlook was brighter now than six months...
...predictions were made with a big "if" predicated on the strikes. Midway through his nationwide tour to check up on the economy, Secretary of Commerce Charles Sawyer cheerily reported: "Sales in the retail clothing lines and shoes have fallen off in the last two weeks . . . [But] unless the steel and coal strikes are prolonged . . . there is no reason why the recent upward trends in business should not continue...