Word: strike
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Dates: during 1950-1959
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...steel industry's ingot output last week hit a surprising total of 78.9% of capacity, or 2,233,000 tons. This was nearly 20% better than anticipated and close to the 2,252,000-ton output in the last pre-strike week. As the glowing ingots moved from soaking pit to rolling mill and out to customers, the glow spread through the U.S. economy...
...good many effects of the strike still remained. In steel towns across the nation, merchants reported steelworkers were paying off debts and replenishing savings before resuming buying. The biggest strike effect was on the national budget. At Augusta, Budget Director Maurice H. Stans informed President Eisenhower that lowered corporate tax collections traceable to the strike would turn the expected 1959-60 budget balance into a deficit...
...likely to be materially raised. If not accepted by the union leadership, the Taft-Hartley law requires submitting management's final offer to a secret-ballot membership vote between Jan. 5 and Jan. 26. After that, the union leadership could still order the men out on strike again, whether the vote was favorable...
Keeping the heat on management, Steelworkers General Counsel Arthur J. Goldberg last week sent a letter to Commerce Secretary Frederick H. Mueller, urging that the Government stockpile steel now coming from the mills as a hedge against resumption of the strike. "While I have not abandoned hope that a settlement will be reached before the 80-day injunction expires, nevertheless I must advise you in all candor that at the present writing no settlement is in prospect...
After the decision was made in 1955, Ford ran more studies to make sure the new car had precisely the right "personality." Research showed that Mercury buyers were generally young and hot-rod-inclined, while Pontiac, Dodge and Buick appealed to middle-aged people. Edsel was to strike a happy medium. As one researcher said, it would be "the smart car for the younger executive or professional family on its way up." To get this image across, Ford even went to the trouble of putting out a 60-page memo on the procedural steps in the selection of an advertising...