Word: trades
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Dates: during 1950-1959
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OCDM will soon have to decide whether to bar all U.S. Government buying of foreign heavy electrical equipment, just at a time when U.S. free-trade policies are winning converts abroad. Last fall Britain scrapped her dollar controls on many imports, thus opened ner power-project bids to all comers...
...stake in the electric-and other-cases are decisions crucial not only to free trade. If the protectionists win, the "national security" dodge will create many new problems for all free enterprise-as the quotas on oil imports show. The U.S. Government warned that it will police oil prices; if prices rise beyond levels set by OCDM, the U.S. will let in more imports. Further victories by the protectionists could well bring price controls on many another industry and take the U.S. a long step toward peacetime price controls for the whole economy...
...over Mutual's far-flung empire, and working six and sometimes seven days a week even when "vacationing" (as he was last week in Florida), Skutt has dedicated himself to proving that socialized medicine is not needed. The campaign is paying off. A few years ago the Federal Trade Commission took out after health and accident insurance companies for misleading advertising, scared many into cleaning up their operation before FTC dropped the cases for lack of jurisdiction. Skutt was not satisfied with a decision won on a technicality, queried all of Mutual's policyholders. Of the more than...
...laws to labor unions. Indicted in Manhattan after nine months of grand jury hearings was the boss of Local 25 of the International Ladies' Garment Workers' Union, the biggest local in the blousemaking industry. The Justice Department charged that the I.L.G.W.U. local took part, along with three trade associations, in a conspiracy to fix prices of ladies' blouses, a $300 million industry, and to allocate business among blousemakers. Also charged with criminal conspiracy was Harry Strasser, a partner with slain Gangster Albert Anastasia in a dress company. According to Justice, Strasser twice played a prominent role...
...cases, appeals courts have upheld the Justice Department, giving it confidence that it is on solid legal ground. But the earlier cases were only the preliminaries to the real match, which is now opening. This is the fight to break down trade restraints in which underworld characters have muscled in on legitimate unions and business...