Word: steels
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Dates: during 1950-1959
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...Talked generalities in a half-hour chat in Manhattan with United Steelworkers President David McDonald, who dropped by during a recess in the critical contract negotiations with Big Steel...
From the union came a roar: "Conspiracy to violate the antitrust laws." Union officials sent letters to Washington, asking the Justice Department to investigate the pact, the National Labor Relations Board to determine whether steel firms could act together on a shutout, since they do not bargain as a unit (U.S. Steel acts as the front man for the industry). But legal experts saw no clear reason why the steel industry could not legally act together on a shutout to protect itself, and the NLRB turned down the union's request because it had made no formal charges...
...Steelworkers Union President David Mc Donald's claim that a wage hike carved out of profits or dividends would add new purchasing power to the economy. The stockholders, said Cooper, need the money worse than the workers. He cited a 1953 survey which showed that 53% of U.S. Steel individual stockholders had an average annual income from all sources that was actually less than the average annual income of the Steelworkers...
Cold Seat. A portable car seat that keeps the motorist cool by forcing a draft of air under and behind him will be put on sale by Comfort Conditioning, Inc. of Norfolk. Built like a conventional summer car-seat pad, the cooler has a four-blade fan in a steel housing, draws its power from the dashboard cigarette-lighter outlet. Price...
...representative to the Vatican for Presidents Roosevelt and Truman ; of pneumonia; in Manhattan. Ready to retire at 50 from a successful business career as a textile executive, Taylor was launched on a second career by his friend J. P. Morgan, who urged him to go to work for U.S. Steel. He cleared the corporation of a $340 million bonded debt in time to withstand the Depression. Famed for his diplomacy in labor relations, Episcopalian Taylor was appointed F.D.R.'s special envoy to the Vatican in 1939, a post he served for ten years with dignity and tact in spite...