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The New York Times, The British and The Black Spot

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(LPAC)—Fifty years ago today, the New York Times marked President Kennedy for assassination. A Times review by Bernard D.Nossiter, of books on the clash between Kennedy and the financiers running the steel industry, began with these words:

"When Roger Blough, chairman of the Board of U.S. Steel, in the style of `Treasure Island,’ last year gave Mr. Kennedy the `black spot’ announcement of another steel price increase, he touched off a series of events ..."

The Black Spot was the condemnation to death sent by pirates to one who had betrayed them, in Robert Louis Stevenson’s novel Treasure Island.

The London-controlled Morgan interests had controlled the U.S. Steel Company since the end of the 19th century. In 1962, their British imperial strategy of post-industrial looting set them into war against President Kennedy’s attempt to boost the technological level of the American steel industry.

The same Bernard Nossiter wrote a 1978 book entitled Britain: A Future That Works, praising British leadership in taking the world out of expensive advanced industry and into the profitable post-industrial utopia. [ahc]