Word: steels
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Dates: during 1950-1959
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Obviously convinced that there is no longer any electoral mileage in nationalization of industry, Labor's planners said almost in passing that they would renationalize steel and road transport (denationalized by the Tories since 1951), and let it go at that. But Gaitskell obviously hoped to make big campaign capital of Labor's promise of an immediate 20% boost in old-age pensions, and other welfare benefits, all to be paid for by "planned expansion" that would also get Britain back into "the race for higher productivity among industrial nations...
...Canadian artists of stature, plus a scattered few paintings by Europeans. Other Canadian tycoons supplemented the basic collection with gifts of their own. Toronto's Matthew James Boylen (asbestos, copper and lead mines) presented the new gallery with 22 Krieghoffs; the estate of the late Sir James Dunn (steel and iron ore) added three Sickerts and Dali's huge Santiago El Grande, whose rearing horse dominates the picture-window gallery. Beaverbrook's favorite ("because I like it") is Gainsborough's Peasant Girl Gathering Faggots, but he also cherishes his own portrait, painted by Great Britain...
...week-old steel strike began to cramp the nation's economy. The Federal Reserve Board reported that during August alone, industrial production declined on the basis of the 1947-49 average from the June alltime record...
...undergraduates, describe their political temperament as "radical"--judging from the questionnaire--over a seventh support "full socialization of all industries," more than a fifth favor socialization of the medical profession, and nearly a third believe that the Federal government should own and operate all basic industries, such as steel and railroads. In a society that accepts such phrases as "free competition" and "private enterprise" as its conventional rhetoric, it is curious to find extensive support--even among students--for socialization and similar radical proposals...
...latter proposal, of course, is finding increasing favor across the nation, and a frightening cluster of special interest groups is buying thousands of column inches in magazines and newspapers in order to fight it. Under the headline, "Government Always Shrinks a Dollar," Republic Steel periodically tells readers that "whenever the government finances something for you, you pay for it--through taxes--with your own dollar that has inevitably been shrunk...