Word: steel
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Dates: during 1960-1969
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First went the goose step, then the imposing steel helmet, then the snappy clicking of heels, a casualty of the West German Bundeswehr's switch from steel-capped heels to all-rubber ones. Last week the Defense Ministry proposed that yet another remnant of the old Wehrmacht be eliminated. Next to go will be "Herr"-the respectful title with which German officers have been addressed ever since Frederick William I forged a powerful officer corps from the Prussian nobility more than 200 years ago. Today's officers may lose their Herr (meaning Mr.) as a result...
...International Nickel Co., the world's largest producer, followed an expensive settlement of a 128-day strike at its Ontario mines by announcing a 24% price increase. The move is bound to have major effects in the U.S. Stainless-steel producers, who use 37% of all nickel, are expected to increase prices shortly, for the third time since January. From nickel-plated auto bumpers to jet engines, many products are sure to cost more...
...said that although the pollution in the Cayoga River could be eliminated, it would be at tremendous expense to industries which use the river. The financial burden would probably shut down the Republic Steel Company, he claimed, causing a wave of unemployment throughout the Cleveland ghettos. "Is this in the public interest?" Calkins asked...
...career; of cancer; in Mt. Vernon, N.Y. Pressman never made any bones about his Communist leanings, often supporting the Moscow line. Yet as a union lawyer he was tops; he played a major role in negotiating the original C.I.O. contracts with such industrial giants as U.S. Steel and General Motors, and ably fought labor cases before the Supreme Court...
Paul McCracken, the President's chief economic adviser, warned the businessmen of sacrifices ahead. "You will have to steel yourselves to the fact that all the things happening are all the wrong things-lower profits, a cost squeeze." Even after the "painful transition" is over, he said, the Government will not allow the economy to resume its rapid rate of growth. Instead of annual increases in spending of 8%-10%, the growth will be held down, McCracken said, and "this difference should be kept firmly in mind." Labor Secretary Shultz said that the businessmen would have to face union...