Word: unionizing
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Dates: during 1950-1959
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Briefly, the President rallied: less than three weeks after his stroke, he flew to Paris to attend a NATO conference. In a strong State of the Union message, he mobilized the nation to meet the challenge of Sputnik. But now the recession was coming closer to home-3,400,000 unemployed in December; 4,500,000 in January; 5,100,000 in February. Wearily, Dwight Eisenhower flew to George Humphrey's Milestone Plantation in Georgia, sat before a fire for the best part of seven days, made no pretense at performing presidential functions (TIME, March...
From the Soviet Union: $4,879,000 in credits...
...deep; Mather resigned largely to "stop this personal monkey business" (he will stay through next June). To Educator Mather, it seems unlikely that culture-conscious Massachusetts will lose one of its oddest distinctions-spending less (2.32%) of the tax dollar for higher education than any other state in the Union...
Telling Statistics. The report nonetheless underscored some telling statistics. Mitchell reported that the 20 largest steel companies earned less on their invested capital (12.8%) than the nation's 25 biggest industrial firms (14.7%) in booming 1955-57, which tended to take some of the steam out of the union's talk about huge steel profits in 1959's exceptional first half. On the other side, the report answered industry's contention that a wage raise would necessitate a price rise. It showed that since 1951 the industry's wage-and-benefit costs...
...Week. In a subtle prod to union and labor, Jim Mitchell announced that he still had other statistics-some of them perhaps more telling-that he intended to dribble out to keep up the pressure. At week's end he released another report stating that the impact of the steel strike "has been severe and is expected to be felt increasingly in weeks to come." The number of jobless workers in steel-related industries has risen to about 125,000-60% in railroads and coal mining-and 75,000 of them have applied for unemployment aid. But there...