Word: steel
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Dates: during 1960-1969
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Tougher Than Usual. The possibility of an inflationary steel settlement was only one cause for concern as the U.S. basked in its 54th straight month of prosperity. Even more disturbing was the anticipated spurt in defense spending to pay for the expanding war in Viet Nam. So far this year, President Johnson has demanded only $2.4 billion in supplementary funds to fight the war, but that figure is virtually certain to top $5 billion by the end of the current fiscal year; it could soar as high as $12 billion a year thereafter. In addition, congressional eagerness to expand Administration...
...determination to avert a nationwide steel strike last week, Lyndon Johnson tried just about everything. He summoned both sides from Pittsburgh, installed them in Room 2751 of the Executive Office Building across the street from the White House, and posted guards outside the drab chamber to keep newsmen and lobbyists away. At his prompting, industry and union bargainers labored as long as 1½1 hours a day. As the strike deadline loomed, Johnson cut the lunchtime lag by sending in steaks and ice cream "to keep them hard at it." Toward week's end he talked direly...
...industrial workers; they hardly needed a massive, inflationary raise. Then, in stern-fatherly fashion, he urged both sides to weigh the grave damage a strike could wreak on the U.S. economy, on the war in Viet Nam. To underline his point, he noted that the record 116-day steel strike in 1959 had plunged the nation straight into a nine-month recession...
...Welcomed Dwight Eisenhower to the White House for an evening's chat about Viet Nam and steel; L.B.J. read his guest a letter from a mother who said that one son had been killed in Viet Nam, while another was in the armed services in Colorado. Said...
When the talk turns to traffic, people love to speak bleakly of Gordian gluts that move like glaciers, of an ever-rising tide of blood on the roads, of a dark future in which cars multiply until they plate the nation's surface with two-ton steel locusts belching exhaust fumes that turn the sky shroud-grey. Any one man's traffic experience on a bad day can make it seem that the U.S. is well on its way to hell on wheels, that the nation faces an infinite problem. But a different experience, such as speeding through...