Word: settlements
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Dates: during 1960-1960
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...still having trouble defining issues." Taylor's verdict that the industry arguments were "bogged down in generalities" led to a shift in the attitudes of both the U.S. public and the Eisenhower Administration. The President, who had firmly backed the industry's campaign for a noninflationary settlement, began to see that he was fighting beside allies who were short on both ammunition and marksmanship. He began leaning toward the view that it made a lot more sense to head off the economic damage of a prolonged steel strike than to fight out the battle against inflation...
...Taft-Hartley injunction ran out on Jan. 26. Bent on preventing a renewal of the strike, Ike summoned Vice President Nixon and Secretary Mitchell to the White House shortly before he left on his around-the-world tour, instructed them to push hard to get a settlement...
...Inflationary? The steel industry itself was a lot less gloomy. The settlement's terms, said U.S. Steel's Chairman Roger M. Blough, "appear less inflationary, at least, than any which the steel industry has actually experienced since the end of World War II." During the postwar years, hourly labor costs in the steel industry climbed by an average of 8% a year. As the steel industry viewed it, the shift from 8% a year to 3.5% a year was progress of a sort. "The settlement is neither black nor white," said Inland Steel's Board Chairman Joseph...
...McDonald only partially redeemed himself in Democratic eyes by adding that "Jack Kennedy and maybe Hubert Humphrey and a lot of other people would make good Presidents."In what appeared to be an effort to give Democratic Hopeful Kennedy some reflected credit for the settlement, McDonald stunned Mitchell & Co. with an out-of-the-blue pronouncement that Financier Joseph Kennedy, Jack's multimillionaire father, "did a great deal down in Wall Street to bring about this settlement" by talking to "the banking interests...
Plain-spoken Antoine Pinay, smalltown leather manufacturer who has made himself the living symbol of the Frenchman who carefully counts his change, has long been unhappy in his Cabinet job. He wanted to make quicker progress toward a settlement in Algeria; he deplored De Gaulle's disregard of his allies and his disdain for NATO. And Pinay made no attempt to disguise his personal dislike for Premier Michel Debre. On at least one occasion he so irked De Gaulle himself that the general accused Pinay of having forgotten "which republic...