Word: nathanisms
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...corporation profits, who could predict what they would be in 1947? Strikes, for instance, would pull the rug out from under the best of prospects. The shaky state of the stockmarket, which Nathan brushed off as merely "bad psychology," reflected industry's deep concern...
What Is "Fair"? Nathan's sweeping "projections" did not consider industry's condition in detail. There are 420,000 U.S. corporations, and not even Nathan would claim that all of them showed a profit. But his report was enough to make them all targets of labor's new drive. C.I.O. leaders denied this, but the report was hardly out when the U.A.W.'s peppery redhead, Walter Reuther, announced a drive for a 23½?-an-hour wage rise in the automotive industry...
...general, industry accepted most of Nathan's facts but decried his conclusions and-most of all-his implications, which in effect would put a ceiling on profits, discourage risk capital, tend to squeeze out marginal enterprises, and otherwise disturb the machinery of free enterprise...
...Record. The Nathan report failed to distinguish between what might be and what would be. He said wages could be raised without raising prices. The record was against him. Prices broke through Government controls last year. Now controls have been removed. Management, interpreting facts in its own way and using its own judgment, will certainly raise prices if it has to raise wages. Even as the C.I.O. got ready to swing the Nathan club, General Motors' President C. E. Wilson stated flatly that price rises would follow wage rises as night follows day. Whether the policy was stupid...
...area has its own history of brutality and violence. Near the foot of 46th Street, Nathan Hale was executed in 1776. In more recent years there have been less heroic deaths: the Veronica Gedeon murder, the Titterton and Lonergan killings...