Word: approaches
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Dates: during 1970-1979
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These differences help explain the bitter quarreling that broke out among B.C.O.A. members after the United Mine Workers voted down their contract offer two weeks ago. The association is dominated by its biggest members, and many of the small owners complain that the B.C.O.A.'S initial hard-line approach to the bargaining was set by large operators who wanted to break the union. Said the owner of a tiny mine in western Pennsylvania: "The big boys ran the B.C.O.A. show, no matter what we thought. They realized that [U.M.W. President] Arnold Miller was weak and a little dumb...
Because of the divisions within the B.C.O.A., some operators predict that the industry will eventually adopt a two-tier approach to bargaining: one for issues on which all members agree, the other for issues on which they are split. For instance, the operators are equally concerned with increasing productivity. Said Madison, W. Va., Mine-owner Herbert Kinder: "Give the operators a stable work force, and the miners could have anything they want." But the owners are divided over the proposed contract's requirement that miners pay up to $200 in deductibles for medical care. Said a small Pennsylvania operator...
...approaches being considered in Congress is a Democratic proposal to stop using Social Security revenues to finance Medicare and federal disability insurance. Their budgets total $36 billion a year, about one-third of Social Security tax collections, and these benefits have been shooting up in cost. The Democrats, led by Wisconsin Senator Gaylord Nelson and Illinois Representative Abner Mikva, would pay for these programs from general federal revenues. Massachusetts Congressman James Burke, the chairman of a House subcommittee on Social Security, has proposed that one-third of the Social Security system's cost be paid from general revenues. This...
What mountains labored to bring forth such a ridiculous molehill!" complained Bonn's respected daily Die Welt. "A piecemeal approach that cannot work," sniffed the foreign currency chief of France's largest private bank. Such was the curt reaction in money centers last week to a widely ballyhooed U.S.-West German agreement that will give Washington more ammunition, in the form of borrowed deutsche marks, to use in defending the battered dollar. But unfortunately, the greenback fell once again in all major currency markets...
...slightly below last year's near record. Murphy takes all those reports on his desk, puts them through his own mental calculator, adds some instincts that come from his 40 years in the nation's most important industry, and tells one and all that the figure will approach 11,750,000. Sales were set back by the worst winter he has ever seen, but he figures that they will rise with the temperatures. Murphy's uncannily accurate forecasting record in the past couple of years would make a bookie tremble. If he is right this time...