Word: statesmanship
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Dates: during 1940-1949
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Your eulogy of General Hodge for his statesmanship in leading the way out of the Korean impasse [TIME, May 19] missed only one essential point: Hodge and his Washington superiors have really delivered the 30 million Korean people directly into the den where the Russian bear is licking its chops...
...United States furnishes particularly good opportunities for the moaners and groaners. Its material wealth forms a perfect background against which to accentuate its inept statesmanship, its political stupidity, its immorality, social injustice and inequality, the break up of its families and churches, and the pitiful inadequacy of its educational facilities. And their charges are true, but they are not the whole story. From the times of the earliest settlers in Massachusetts, the society of the United States has been built upon the bifurcation of an economic system which emphasizes acquisitiveness and a religion which makes every man his brother...
Merit was winning recognition all over the place. Henry Ford II got the Thomas A. Edison Centennial Award for industrial statesmanship. John D. Rockefeller Jr. got the New York City Welfare Council's annual award for distinguished service to the community. Secretary of the Treasury John W. Snyder and C.I.O. President Phil Murray got Medals for Merit for their war work. And Harvard's President James B. Conant was awarded an honorary degree by the University of Illinois. Bernard Baruch passed the entire week without getting an award of any sort. Ethel Barry more still hard...
...management of U.S. industry was filled with the comforting thought that it had done its duty. By granting pay raises which labor unions felt they could accept, management had shown a degree of economic statesmanship. But had it shown enough...
...benefiting unionists were only a small minority of consumers. The No. i problem for the U.S. was still to keep up the purchasing power of the majority. This could be done only by lowered prices. Was it not time that management showed a high degree of economic statesmanship-and lowered prices on a broad scale? Were not profits so high-despite wage increases-that businessmen could afford to lower prices...