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After that stern admonition, Ike affirmed his faith in free collective bargaining by asking labor and management to negotiate "around-the-clock" to avert a new steel crisis when the strike-halting Taft-Hartley injunction expires Jan. 26. "What great news it would be if, during the course of this journey, I should receive word of a settlement of this steel controversy that is fair to the workers, fair to management and, above all, fair to the American people," said he. But the steelworkers and steel companies, deeply entrenched and unshakably stubborn after a 116-day siege...

Author: /time Magazine | Title: THE ECONOMY: Unfinished Business | 12/14/1959 | See Source »

Instead, United Steelworkers' President Dave McDonald asked that Ike abandon his objection to direct Government intervention, proposed that the President instruct his Taft-Hartley Board of Inquiry to recommend a strike settlement. If the Government would take that unprecedented step (not provided for under Taft-Hartley), McDonald pledged vaguely, the steelworkers would bargain "within the framework of the board's recommendations." U.S. Steel Corp.'s R. Conrad Cooper, chief negotiator for eleven major steel companies, promptly blasted McDonald's suggestion as "just one more attempt" by union leaders "to avoid their own great responsibilities by seeking...

Author: /time Magazine | Title: THE ECONOMY: Unfinished Business | 12/14/1959 | See Source »

...first time in its history to back a program 1) abolishing all acreage controls on wheat, 2) dropping price supports from today's $1.80 to $1.30 per bu. Nebraska and Colorado farm-bureau conventions voted for similar programs, in effect backed the position of U.S. Agriculture Secretary Ezra Taft Benson and American Farm Bureau federation President Charles Shuman...

Author: /time Magazine | Title: FARMERS: End of the Row? | 12/7/1959 | See Source »

...threats finally brought Livingston Merchant, top U.S. State Department troubleshooter, from Washington. Merchant's answer rocked them back on their heels. He merely reaffirmed Panama's "titular sovereignty" over the zone (as William Howard Taft had done 50 years before) and promised that zone commissaries would adopt a policy of buying only U.S. or Panamanian products-as soon as "normal conditions" were restored. Then he went home, leaving Panama to face the prospect of a mob action all too likely to be turned back on the "oligarchs" themselves...

Author: /time Magazine | Title: PANAMA: Fanned Flames | 12/7/1959 | See Source »

...coming back fast from the steel shortage. As representatives of the steel industry and the steelworkers got ready to meet in Washington with federal mediators, the steelworkers warned the Government to stockpile steel lest there be a shortage for defense purposes if the strike is resumed when the Taft-Hartley injunction period ends Jan. 26. But the Government refused...

Author: /time Magazine | Title: STATE OF BUSINESS: From Peak to Peak | 12/7/1959 | See Source »

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