Word: steele
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Dates: during 1960-1960
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...coal, steel and railroad gains were spurred by the economy's recovery from the 1958 recession, reflected the use of a smaller labor force and the benefits of new machinery installed just prior to the recession. In all, Government economists agree that for the private economy as a whole, 1959 was a better year than average. It would have been even better if the recovery from the recession had not been marred by the steel strike...
VOLUNTARY PAY CUT will be taken by workers at financially ailing Pittsburgh Steel Co., 14th largest U.S. steel company. Union agreed to reduction that will eventually save company 15? per man-hour in incentive-pay costs...
...Construction Co. gave 90% of the work to 46 subcontractors. Two of them ran into financial difficulties and are now being operated by bonding companies. At the Offutt launching sites, nine concrete pedestals intended for support of liquid-oxygen lines had to be replaced because they had inadequate supporting steel. Warren Air Force Base in Cheyenne, Wyo., scheduled to be the first operational tactical missile base by last spring, will not be ready until fall, largely because contractors could not fulfill their commitments...
...Edmund F. Martin, 57, was elected president of the Bethlehem Steel Corp. the nation's second largest steel producer (after U.S. Steel). He succeeds Arthur B. Homer, who becomes chairman of the board and continues as chief executive officer. Chicago-born Ed Martin joined Bethlehem in 1922 after graduating from Stevens Institute of Technology, worked his way up in the mills from a repairman's helper to general manager of the giant Lackawanna plant in 1950. vice president for steel operations...
...prank-playing crony of H. L. Mencken) and Democratic politician, who from 1947 to 1952 as workhorse Solicitor General of the U.S. personally won an unprecedented 49 cases before the Supreme Court but lost his most famous one, defense of President Truman's 1952 seizure of the steel industry; of heart disease; in Washington. An energetic fighter for civil rights. Perlman was co-chairman of the Platform Committee at last month's Democratic Convention...