Word: showdowns
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...spirit of international conferences should be that of a showdown poker game, not of a court of inquiry: You turn a card, and I will turn a card, rather than upsetting the table and calling you a fraud. While the Russians propose control of atomic energy, our response cannot only be that Bernard Baruch already has offered a fine plan which you nasty people ruined, so that you are clearly not making your offer in good faith now. If this is the adamant attitude of the West, the Russians can counter legitimately (from a point of pure logic) that...
...Showdown. None of the previous credit tightening had had much effect. For example, when Congress dropped some of the easy credit for housing last spring, builders gloomed that it would take the steam out of the housing boom. They were wrong. Last week, the Department of Commerce reported that new construction had hit an alltime high of nearly $1.8 billion in August, 31% higher than a year...
Last week wily, wiry Harry Bridges called a West Coast shipping strike and invited a showdown over the Taft-Hartley Act and the hiring hall. It was his seventh major tieup of the. Pacific waterfronts in a dozen years. Like most of the others it promised to be long, costly and bitterly fought...
...Concession to the Dead. Bridges had been itching for the showdown since last spring. He was restrained for 80 days by an injunction obtained under the Taft-Hartley Act. When the injunction ran out last week, shippers offered Bridges a carbon copy of the agreement which had been accepted by East Coast, Gulf and Great Lakes unions: let the hiring halls operate as before, until the courts rule on their legality...
...biggest railroad, Boston's shrewd, old (82) Frederic C. Dumaine held an impressive hand. Dumaine interests had claimed that they had picked up enough New York, New Haven & Hartford stock to elect eleven of the 16 directors (TIME, May 17). Last week, with a stockholders' showdown meeting still a month off, the opposition folded up. Howard S. Palmer, who, Boston charged, was too close to New York interests, resigned after 14 years as New Haven's president. To make New England's victory over New York complete. Dumaine will move in as board chairman. He gave...