People’s capitalism debated as unions seek business voice
Unions are entering business with stock ownership aims and questions of ethics. TWU seeks about 6 percent of Fifth Avenue Coach Lines stock to gain influence, a move mirrored by earlier Teamsters actions. Analysts note limited union wealth versus corporate profits, with pension funds occasionally backing management in a show of worker interests.
MENTIONED IN THIS ARTICLE
Norman Walker
Washington
America
Treasuries
Transport Workers Union
New York
Fifth Avenue Coach Lines Inc
TWU
Dave Beck
Teamsters Union
Beck
Teamsters
Montgomiery Ward & Co
Rival Eye Glass Firm Stirs Labor Clash In St Louis
The Optical Workers Union started a competing eyeglass maker in St. Louis and struck Bausch & Lomb. B&L refused to recognize the union as bargaining agent, saying it was now a rival business. The NLRB unanimously supported that stance, illustrating the ongoing strain between capital and labor.
MENTIONED IN THIS ARTICLE
Optical Workers Union
St. Louis
Bausch & Lomb
NLRB
Unon
Long Island
N. Y
Capite
U2 Prized for Space Research in High Altitude Trials
At Edwards Air Force Base the U2 remains a key high altitude platform for space research and testing of sensors like Midas for missile detection. Pilots defend the craft’s role as a laboratory while noting its secrecy and historic Cold War claims, with flight limits cited as above 70 000 feet and possibly up to 90 000 feet.
MENTIONED IN THIS ARTICLE
Midas
Francis Gary
Edwards Air Force Base
Calif
Desert Air Base
Air Force
Russia
Soviet Union
Amer
Iran
Atlantic
Canada
Alaska
Hawaii
Australia
West
Soline
Nikita Khrushchevi
Vandenberg Air Force
Cape Canaveral
Hudson Bay
Eisenhower
Arctic
Dent Kennedy
Ter
Samos
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Afl-Cio
Sessnes Ve Eeever
CIO
Witc
Quill
Ralph J. Cordiner
Corito Do
James B. Carey
Michael J. Quill
New York City
Trit
UMW
Sewell Avery
Port- Called
Con Land
Ore
Trol
Ward's
Ipaper
col|Pressmen’s
Elecuire
2Nlaving
Hatters
Wuing Ecrypanyeis
Merimac Hat Corp
Ats
Amesbury
Mass
United Mine Workers
Ee Eefirm
Needle Trades
Ladies Garment Workers
Amalgamated (Men’s) Clothing
Theational Labor Relations Board
West Virginia
Kanawha Valley
ABC
Dickens
Looper
Capital City Commercial College