Word: afl
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Dates: during 1970-1979
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Those provisions are enough to make the act "landmark legislation" in the view of Bertran Seidman, Social Security director of the AFL-CIO. But the law does not go far enough to please many advocates of pension reform. No employer would be required to set up a pension plan. Many blue-collar workers take their first jobs at 16 but would not have to be included in pension plans until they are 25 (though they must then be given credit for three years' vesting). Karen W. Ferguson, a Washington attorney and ally of Ralph Nader, complains that not requiring...
...walk a very fine line." Occasionally, he stepped over it. At first, he was almost an unabashed apologist for the President's defense strategy and once even used language supplied by White House speechwriters for a shrill attack on "groups like the AFL-CIO, the Americans for Democratic Action and other powerful pressure organizations." He accused them of "waging a massive propaganda campaign against the President of the United States." In subsequent speeches, he called for more openness on the part of the President and greater cooperation with the special prosecutor. Yet as the tensions built and the evidence against...
...AFSCME is the fastest-growing union in the AFL-CIO, and its militant leaders are determined to fight hard for higher pay for its 700,000 members. The union's goals appeal to municipal employees, especially policemen, who resent laws restricting the right of public servants to be on strike. Said one Baltimore cop with 17 years on the force: "I've bled for this city. I've been through riots and fires, but the people don't seem to care. Well, it's time they gave something back...
...critics' fear is that issuance of the notes would tempt depositors to pull more money out of savings and loan associations and mutual savings banks (generally called "thrift institutions"). This would further cripple the housing industry, which depends heavily on mortgage money advanced by those institutions. Even AFL-CIO President George Meany, worried about jobs in the construction industry, joined the chorus of criticism. Citicorp held off the note sale, though it may try again this week...
Labor leaders charge that some Ex-Im loans have gone to foreign companies that export goods to the U.S., taking sales and jobs from domestic firms. AFL-CIO Lobbyist Ray Denison says Ex-Im has financed a Mexican factory that makes automobile springs that are shipped to the U.S. Recently, Ex-Im lent $75 million to the Bank of Tokyo to finance purchase by Japanese firms of 260,000 bales of U.S. cotton. Critics fear that that loan will worsen American inflation by raising the price of domestic cotton...