Word: steel
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Dates: during 1960-1969
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Consultation & Cerebration. The man who must make the final decisions has been unwontedly somber since he returned to Washington last week. He has held only one press conference since August. He showed none of the old relish for open combat when confronted with the steel industry's price increase or the transit workers' strike in New York City. But the familiar ebullience has not vanished entirely; it has simply been capped for the time being, like a gusher in a Texas oil field. With his three biggest messages of the year coming up in the next few weeks...
Myron Weiner, professor in Political Science at M.I.T., last night praised Shastri's policies to improve Indian agriculture and to increase production of consumer goods. Shastri's growing dependence on the free market mechanism and removal of government control from the steel industry relieved many Indian economists and businessmen, Weiner said...
That seemed like quite a reaction to a price increase that touches only 7% of total steel production in the U.S., but the Administration obviously feels that even a minor hike might act as a symbol to encourage others to raise prices. Bethlehem may have to back down, but it will not be because of a repeat of the Administration's successful use of stockpiles to force back price increases in aluminum and copper. The government has no stockpiles of steel. What it does have is a voice that is very hard to ignore when it is insistent...
Shrewd Choice. In the office next to Duesenberry's customarily cluttered cubicle in Harvard's Littauer Center worked the man he will replace on the CEA: Otto Eckstein, the council's expert on unemployment, steel prices and steel productivity. Eckstein, named to the council in May 1964, must return to Harvard because his original one-year leave, already extended at Lyndon Johnson's request, is expiring...
Soon after Britain's tiny Wilkinson Sword Ltd. began selling stainless-steel razor blades in 1961, it captured 30% of the British blade market, dominated by Boston's slow-moving Gillette Co. It then moved into the U.S. and bravely challenged Gillette on its home ground. By last year Wilkinson had moved into 50 countries, run up a 1964 pretax profit of $9.8 million and made confident predictions of a 40% sales increase in 1965. It began to look as if tiny David were slaying the Gillette Goliath...