Word: weekes
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Dates: during 1950-1959
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Meeting in Manhattan last week, 2,000 delegates to the 64th Congress of the National Association of Manufacturers were fully prepared, as usual, for a series of speeches attacking high taxes. At the opening session they were jarred out of position by IBM President Thomas J. Watson Jr. He told them flatly that high taxes are essential in the struggle with Russia for world leadership...
Before the 48th annual convention of the Investment Bankers Association of America last week in Bal Harbour, Fla., outgoing President William D. Kerr posed a challenge: "I visualize a titanic struggle between the forces that would foster and perpetuate our local governments and our right to the well-known freedoms and those who would turn these United States into a huge federal omnibus in which the individual would be reduced to being a number in a file...
Despite President Eisenhower's call for a swift steel peace (see NATIONAL AFFAIRS), management and labor could agree last week only to continue disagreeing. Just before both sides met with federal mediators for the first time since a Taft-Hartley injunction sent the workers back to the plants, the steel industry announced that its earlier offer of 30?-an-hour package spread over three years was its "last offer for a strike settlement." This so incensed Steelworkers President David McDonald that he walked into the meeting heatedly waving a copy of the statement. He repeated union arguments that...
...reached, the Taft-Hartley injunction will be dissolved shortly after the vote. The Government will have no way of preventing a new strike, since the President has exhausted the measures he can take under the present law. Federal Mediator Joseph Finnegan called union and management together again at week's end, called the talks "constructive...
...Philips company electric works at Eindhoven. But hours before their arrival, 25 top Philips scientists and executives slipped away via British destroyers, carrying with them vital secrets that contributed to radar and other wartime developments. Left behind, loyal Philipsmen cheerfully sabotaged what production the R.A.F. did not pulverize. Last week Philips President Frans Otten gave the latest progress report on Philips' amazing comeback. In the first nine months this year, sales of Philips' worldwide empire reached $735,110,000, compared with $636,530,000 in the same period last year, while profits hit an alltime peak...