Word: longests
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Asked at his Augusta news conference whether he thought that the U.S.'s longest nationwide steel strike proved the inadequacy of the Taft-Hartley law, President Eisenhower replied that he did not "think Taft-Hartley is necessarily any cure for this thing. If we can't settle our economic differences by truly free economic bargaining without damaging seriously . . . the United States, then we have come to a pretty pass...
...amiability and hopefulness of the professional mediator, but the excitement and expectancy in the audience had soured into disgust at both sides. The fact finders had clearly silhouetted one big fact that the U.S. was discovering on its own: in the 14-week wrangling of the U.S's longest nationwide steel shutdown two immovable forces-Big Steel and the big United Steelworkers-had subjected the nation to an indignity and peril that far exceeded the worth of the points at issue...
...cumulative effect of the longest nationwide steel strike in history (see NATIONAL AFFAIRS) cut deep into U.S. industry. With stockpiles reduced sharply, dozens of industries are slowing down and beginning to lay off. Auto, appliance, farm-equipment, machinery makers are all tightening their belts, and they face still more trouble before the economy is rolling at full speed again. The mills will need four to six weeks to get back to 90% of capacity, at least three months to fill the empty pipelines...
...White House office at 8 a.m. last week. Among them were Labor Secretary James Mitchell, Attorney General William Rogers, Treasury Secretary Robert Anderson, Commerce Secretary Frederick Mueller. All listened quietly while Mitchell reported some bad news to the President: labor and management had made no progress toward settling the longest nationwide steel strike in U.S. history. That left only one thing to do: President Eisenhower set into motion the machinery of the Taft-Hartley law, aimed at halting the strike by injunction for 80 days to provide a cooling-off period. He named a three-man committee of labor experts...
After three months of the longest industry-wide steel strike in U.S. history, the shelves of industry were finally showing some bare spots. Manufacturing and trade inventories at the end of August stood at $89.4 billion, a decline of $400 million from the previous month. Commerce Department experts predicted that inventories, which had been building up at an annual rate of $9.8 billion in the second quarter, would be cut so sharply that the rate may drop by more than $10 billion in the third quarter. Chiefly because of the depletion in inventories, they expect the gross national product...