Word: steelman
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...were diverted last year from current production to preparing $35 billion in new plants and equipment for future production. The benefits of this, like the benefits from the other $108 billion spent on expansion in the last five years, will take a long time to realize. Said a Pittsburgh steelman: "Three years ago we put in a lot of new equipment. But the men called our work standards unreasonable. All kinds of mysterious breakdowns occurred. We are just now getting productivity up near where it should be." George W. Cloos, economist of Chicago's Federal Reserve Bank, estimates that...
...like an old roll-your-own cigarette machine back in the closet. But for the active executive, as for the active consumer, the question usually brings only a healthy caution or a moment's discomfort. "I don't find anybody really scared," says one steelman, "but there is plenty of studied concern...
Just a week after President Eisenhower's advisory committee on foreign aid handed in its report, another panel of experts sent him a second report clashing with the first on a sizzling issue: U.S. aid ' to neutral nations. The committee headed by Steelman Benjamin F. Fairless had unanimously urged "a higher priority" in aid programs for "countries which have joined in the collective-security system" (TIME, March 11). The 13-member International Development Advisory Board, chaired by Movieman Eric Johnston, unanimously recommended increased U.S. aid for "countries wishing to remain free of all military alliances." Both reports...
Mollified Lobby. In another version of the Seaton new look, Ross Lillie Leffler, 70, last week was confirmed by the Senate to fill the new post of Assistant Secretary for Fish and Wildlife. Philadelphia Steelman Leffler assumes control of two equal bureaus devised as partial mollification of the powerful conservation and sportsmen's lobby, which McKay had offended. Not entirely satisfied with simple equality, the conservationists nonetheless like Leffler, trust Seaton and are willing to give the new system a chance. They are also pleased because Fred Seaton has suspended the issuance of oil and gas leases on federal...
...Bethlehem Steel Corp. President Arthur Bartlett Homer gave the steel industry's forecast for tomorrow and beyond: "We will have to increase capacity by more than 50% in the next 15 years to meet the continuing longterm growth needs of the American economy." In hard figures, said Steelman Homer, that means another 70 million tons of capacity, or a total of 200 million tons of steel annually by 1971. The expansion cost in the next 15 years: as much as $21 billion...