Word: steels
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Dates: during 1950-1959
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Behind the Door. Pipe-smoking President Betancourt disappears behind his padded office door in Miraflores Palace before 8 a.m., sees some 60 visitors a day. His time is largely devoted to a nightmarish array of white elephants left behind by the dictatorship. Items: an unfinished $450 million steel works, gathering rust in the Orinoco jungle, a chain of showpiece hotels, 300 colorful apartment buildings, some of them 15 stones high, in Caracas. By official count, 90% of the apartment tenants refuse to pay rent...
Behind a tiny row house in Baltimore, a boatman scours his homemade runabout with steel wool, oblivious to neighborly wisecracks ("Where you gonna get two of every animal, Henry?"). At Cleveland's Yachting Club, a big woman in small slacks mounts the ladder of a cruiser, hoists a heavy box of tools, inches into the cabin to repair the head...
Since the death three years ago of Jackson Pollock, young abstractionists in search of a style have acclaimed as their leader New York City's Dutch-born Willem de Kooning, 55. A slim man with steel-grey hair, De Kooning does not welcome the title, shuts himself up in his Greenwich Village studio for weeks at a time, refusing to see visitors or acknowledge telegrams. When Manhattan's Museum of Modern Art this winter offered him a one-man exhibition, he turned it down. He was not ready, he said. In the past three years he has allowed...
Like a battalion deploying for battle, a crowd of nearly 1,000 surged through Manhattan's Roosevelt Hotel last week as formal bargaining opened between the steel industry and the United Steelworkers Union. So numerous were the advisers, statisticians, supernumeraries and just plain hangers-on that the cost to management and labor was estimated at nearly $25,000 a day. President Eisenhower tried to set the tone for negotiations by warning again that both sides must show "good sense and some wisdom" to avoid an inflationary wage hike (see NATIONAL AFFAIRS). But both sides had hardly started negotiating when...
...battle started with a statement by R. Conrad Cooper, chief negotiator for the steel industry, that the industry is considering a mutual-aid pact or even an industrywide shutdown should the union decide to strike one or two firms instead of striking the whole industry at once as in the past. Such a pact would be similar to the profit-sharing pact signed by struck airlines last fall (TIME, Nov. 10), except that the airlines later got tentative approval from the Civil Aeronautics Board, which can exempt airlines from antitrust procedures...