Bethlehem Steel Signs With Union Amid Policy Confusion
Weekly analysis notes Bethlehem Steel's union agreement as defense policy remains muddled and industry profits show an uptrend. Analysts discuss implications for labor relations, government policy, and market outlook in this period.
MENTIONED IN THIS ARTICLE
Bethlehem Steel
Breakthrough end of Bethlehem steel strike shifts pension cost
The United Steelworkers reached a settlement with Bethlehem Steel for 80,000 workers, financing full minimum pensions for those 65+ with 25 years, plus a social insurance plan. CIO leader Murray called it a pattern setter for big steel while U.S. Steel urged renewed talks. Separately, Edward Stettinius died at 49. he shaped Roosevelt era policy as secretary of state and UN delegate. In Albania, Lt. Gen. Mehmet Shehu emerged as the de facto ruler, replacing Premier Hoxha with a ruthless, all-encompassing power.
MENTIONED IN THIS ARTICLE
United Steelworkers
Bethlehem Steel Corporation
Big Steel
CIO
Philip Murray
Bethlehem
Murray
U.S. Steel Corporation
Benjamin F. Fairless
Steelworkers Union
Edward
Stettinius
Roosevelt
U.S
George Washington
United Nations General Assembly
Yalta
Winston Churchill
Joseph Stalin
Albania
Mehmet Shehu
Hoxha
Shehu
New York
Washington
Commerce
Sawyer
Associated Press
Slowing Industry Amid Coal Strike and Defense Cuts
The piece notes a slow down in industry tied to the coal strike with the Westland mine store reducing hours from nine to four. It highlights defense budget cuts echoing confusion over national security needs and reports a navy fleet reduction, job losses, and mixed profits amid ongoing strikes and economic uncertainty.
MENTIONED IN THIS ARTICLE
Westland Mine
Pittsburgh Coal Company
Mr. Truman
Bethlehem Appeal Supports Near East Refugees
Protestant churches in Bethlehem plan a Christmas drive to fund clothing education recreation and spiritual leadership for refugees in the Near East. Church World Service representing 23 denominations says a Bethlehem Appeal committee will seek gifts for refugees stranded in Bethlehem and surrounding areas.
MENTIONED IN THIS ARTICLE
Near East
Church World Service, Inc
Overseas Relief Agency
Bethlehem
New Concept Urged In Religion Drive By Truman
President Truman urged Americans to engage actively in religious life and support religious institutions during a nationwide program on Religion in American Life. He linked world peace to living by ancient prophets and the Sermon on the Mount while warning religion cannot be taken for granted. An Ireland note reported Belfast ministers opposing drastic gypsy legislation as overly harsh and disruptive to itinerants.
MENTIONED IN THIS ARTICLE
Harry Truman
Federal Council of Churches
Synagogue Council of America
Alben W. Barkley
Missouri
Carleton Hadley
Hadley
Barkley
Washington
Clark Gifford
Truman
Belfast
Ireland
U S weighs a billion for Asia plan to curb communism
Top U S policy makers discussed a small Marshall plan for Asia hoping Congress willappropriate about a billion dollars to start an aid program. The plan aims to halt the spread of communism in Asiatic countries and follows news of a meeting early next year to form a non Communist union of southeast Asian states.
MENTIONED IN THIS ARTICLE
U. S
Asia
Congress
Gore Anderson Farm Bill Emerges as Stop Gap
In the 81st Congress dying moments, a stop gap farm bill emerges resembling the 80th Congress. Conferees and members squeeze together a merger of the Gore and Anderson bills to set parity price supports and repeal the Hope Aiken law, effective January 1, 1950.
MENTIONED IN THIS ARTICLE
Congress
House
Gore
Senate
Anderson
Gore- Anderson
Elmer Thomas
Oklahoma
Congressional
Sen. Capehart
Indiana
Furuhashi Shatters Records Echoing Nurmi Legend
The piece praises Hironoshin Furuhashi of Nippon University Tokyo for record breaking swims in London 1948 and Los Angeles 1949, compares him to Paavo Nurmi and Arne Borg, notes his six beat kick, and cites rising parity support policy affecting wheat corn rice cotton peanuts and tobacco with timelines to 1953.
MENTIONED IN THIS ARTICLE
Arne Borg
Bologne
Borg
Amano
Furuhashi
Los Angeles
Nurmi
Paris
Farm bill debate splits over parity rules and prices
Experts say the new farm bill may raise prices by keeping the 1909 14 average parity alongside the Anderson movable 10 year average. The House dropped many items from mandatory support. seven Senate Republicans from the industrial East opposed the measure. Congressional debate hints at a 1950 election fight shaping farm policy and party lines. The Senate also rejected Leland Olds reappointment to the Federal Power Commission, while public power advocate Mon Wallgren was appointed by the President.
MENTIONED IN THIS ARTICLE
Secretary of Agriculture
Senate
House
Baldwin
Connecticut
Bridges and Tobey
New Hampshire
Ives
New York
Lodge
Brannan
Leland Olds
Federal Power Commission
Mon Wallgren
Washington
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DITOR
Estern Newspaper Union
Navy
Marine Corps
Eatonton
Britain
Bethlehem Appeal
Stuart Benson
Vatu A As
Pwenteee
Paavo Nurmi
Babe Ruth
Jack Dempsey
Bob Kiphuth
Yale
Kiphuth
Ruth
Nippon University
Tokyo
London
Hironoshin Furuhashi
Shiro Hashizume
Grantland Rice
Senate Agricultural Committee
United Nations Food and Agricultural Organization
EAO
Utility Lobby
Cooley
Haddock Spark
England
Ray Bullock
Louisiana State
Arkansas
Pei Lyle
Tom Gregory
G.R. Carlson
Geneva
Boli
Feen-A-Mint
Vicks VA
East 8Th
Calif
Pear Cct
UNION
Cy le Clothes
Garth Gros
Joseph
Carthage Missoud
Scott
Doan
Lydia
Pinkham