Word: strike
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Dates: during 1950-1959
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...Another Tangible is a tower of aluminum rings suspended at artful intervals on almost invisible wires. Vibration makes the rings spin and lift like a quicksilver ballet. Plinth (see cut) carries sound as well as motion: at a certain point in the vibration cycle, the strip arcs out to strike a metal ball, which makes it resound like a gong...
Since the Labor Department's survey was taken during the first week of the steel strike, it showed few of the strike's effects. As the steel strike started, unemployment was down by 238,000 from June to 3,744,000. But an unusual rise in the number of unemployed farm workers in July because of bad weather, and large numbers of young workers moving in and out of the labor market, raised the rate of unemployment to 5.1% from 4.9% in June. The July rise was caused by "temporary factors," said the Labor Department, which expects unemployment...
Although employment figures did not show the effects of the steel strike, the Federal Reserve Board's industrial production index did. Some 100,000 workers were laid off in mines and railroads, and carloadings dropped to 532,304 cars, lowest for a comparable week in years. Last week the Steelworkers Union and others called a strike at Kennecott Copper Corp. and Magma Copper Co. that idled another 15,000 workers. As a result, industrial output declined 1% in July to 153% of the 1947-49 average, two points below the record June level of 155%. But activity in most...
Many stocks, including some electronics, regained much of the lost ground before week's end. Wall Street took the break in stride, cautious but unfrightened. With prospects ahead of an economic spurt once the steel strike ends, most Wall Streeters expect the averages to break through the 700 mark before year...
Undeterred, he began all over again, eventually leased 1,200 acres about a mile south of Alice, despite warnings that every major oil company had turned them down. Result: his first big strike, a $25 million oil and gas field. From then on, he bought all the South Texas acreage he could get, regularly brought in new wells. Says Mosser: "Once I get my hands on a piece of property, I never let go. I still have every piece of ground I ever bought...