Word: steels
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Dates: during 1950-1959
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...failure of Mitchell's effort left the Administration no choice but to use its power under the Taft-Hartley law. It was a solution that pleased nobody. Dave McDonald vowed to fight the injunction proceedings in the courts, arguing that the steel strike has not yet endangered the national health or safety, the only basis on which the law permits an injunction to be issued. Industry had precious little to gain from the use of Taft-Hartley either; management could hardly expect to get topflight production out of the angry workers ordered back to their jobs...
INVOKING Taft-Hartley in the dock and steel strikes, President Eisenhower last week set in motion a device which, despite continuing criticism, has had better than fair success over the past twelve years. The law's aim is to ensure production for an 80-day "cooling-off period" in strikes or threatened strikes found to imperil the "national health or safety," thereby giving management and labor a chance to resume negotiations toward a new contract. How it works...
...cooling-off machinery ten times in six years. Before last week, Eisenhower had used it only five times in seven years. These 15 major strike threats and strikes included four on the docks, four on atomic-energy installations, three in the coal mines and one each in the steel, copper, telephone and meatpacking industries. The second fact-finding board, appointed March 15, 1948, investigated a meat-packing strike, became one of four to see its strike settled before an injunction had to be issued. Of the eleven cases in which injunctions came down, five were settled during the 80 days...
...room of Archerfish were Commander (Medical Corps) George Bond, 43, and Chief Engineman Cyril Tuckfield, 38. Dr. Bond wore nothing but swimming trunks, face mask, a Mae West life vest and a pressure gauge on his wrist. Tuckfield carried a small additional item: a nose clip of rubber-padded steel. They clambered into Archerfish's tiny forward escape hatch and dogged down the door, cutting themselves off from the rest of the submarine. Over UQC came the word: all set. Penguin's skipper, Lieut. Commander George Enright, began a six-minute countdown...
After three months of the longest industry-wide steel strike in U.S. history, the shelves of industry were finally showing some bare spots. Manufacturing and trade inventories at the end of August stood at $89.4 billion, a decline of $400 million from the previous month. Commerce Department experts predicted that inventories, which had been building up at an annual rate of $9.8 billion in the second quarter, would be cut so sharply that the rate may drop by more than $10 billion in the third quarter. Chiefly because of the depletion in inventories, they expect the gross national product...