Word: imperiled
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Dates: during 1950-1959
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...steel strikes, President Eisenhower last week set in motion a device which, despite continuing criticism, has had better than fair success over the past twelve years. The law's aim is to ensure production for an 80-day "cooling-off period" in strikes or threatened strikes found to imperil the "national health or safety," thereby giving management and labor a chance to resume negotiations toward a new contract. How it works...
...Imperiled Health. At the White House two days later, the President met with U.S. Steel Chairman Roger Blough and five other top steelmen for half an hour, then with McDonald and three other United Steelworkers officials for about 20 minutes. At the closed-door meetings, said Press Secretary James Hagerty, Ike "did most of the talking," and was "quite firm." Later that day, the President issued a statement hinting that if the two sides failed to reach agreement by the time he got back from his vacation in California, he would invoke the Taft-Hartley Act's provision calling...
...believe it's not free." The "conditions are certainly not here at the moment," he added, for invoking the Taft-Hartley Act provision calling for a fact-finding board ("All the facts are pretty well known") and an So-day cooling-off period when a strike threatens to "imperil the national health or safety...
...basic industry last week shuttered up the mills that produce the bulk of its steel, the broad-based U.S. economy was so sound in its nonsteel elements that it suffered few serious effects. In Washington high Administration economists predicted that the walkout would not imperil the economic boom-unless it lasts a painfully long time. But the shutdown immediately began to produce a stock of troubles...
...whether the original purpose so many sincere people had in fostering the cause of unions has somehow gotten out of hand. The glacierlike forces of a powerful labor movement, including unions representing workers in hundreds of competitive groups, adopt objectives that largely contradict the competitive principle itself." They also imperil profits, the chief means to improve production. "All consumers benefit from improved tools of production, which profits must pay for, and competition is what provides the environment in which profits are created." Yet today, says Blough, wages and costs have spiraled so far out of line that enough profits cannot...