Word: stems
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Dates: during 1950-1959
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...major degree a result of robbing business from the third quarter." Such profits, he said, must be "the regular order of business" if the industry is to modernize and grow, compete against foreign firms and other materials at home. But the industry's argument did not stem the union's expected attack. Cried Steelworkers Boss David J. McDonald: "The astronomical profit figures completely demolish the excuse the companies have used to force this shutdown. How can they possibly justify a heartless denial of needed benefits to their workers, who have produced this mammoth pile of profits...
OYSTER BLIGHT is creating unsavory stew for oystermen in Delaware Bay and along East Coast. Bills pending in Congress would allow Government loans to oystermen at 3% interest until Interior Department can stem disease that will further shorten supply and increase prices...
Enraged, Hoffa bristled into Boston last week to exhort Local 25 and excoriate the press. With a glare at reporters, Hoffa roared that the press's spleen might well stem from the fact that in some communities his drivers make more than newsmen. Cried he: "My responsibility is far and beyond some cartoonists or editorial writers, who want to display their high school skills to embarrass you and possibly put you in prison...
Some European brokers grumble that the invasion of Yankee shareholders is pushing prices dangerously high. A few major Swiss manufacturers, notably Nestle and Aluminium Industrie A.G.. have attempted to stem the foreign tide by registering their shares so that the company can accept or reject bids to buy. But the broad majority of European capitalists heartily hold out hands in welcome to the U.S. investor. "The more investment the better," says a top Zurich financier. "We in the West are politically and economically in the same boat. The closer we are connected, the stronger we shall...
...Warning on Costs. Last week there was no indication that any official action was being considered to stem the gold outflow. Treasury officials professed to be pleased at the growing signs that the U.S. policy of helping Europe to boost exports was running according to plan. Said Per Jacobsson, director of the International Monetary Fund: "I do not think the U.S. gold outflow represents any real threat to the dollar. With the U.S. possessing more than half of the world's gold it would be absurd to say that...