Word: auto
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Throughout his term, Reagan has let plainly political considerations influence policy. He violated free-trade principles as early as 1981, when he negotiated auto import limits with the Japanese. He supports tuition tax credits for parents of private school students (estimated five-year cost: $3 billion), an idea that appeals to Roman Catholic voters. Reagan came into office promising wholesale deregulation of business, yet his Administration has dawdled where the heavily regulated trucking industry is concerned. The International Brotherhood of Teamsters, the only major labor union to back Reagan, is strongly opposed to trucking deregulation...
...excellent settlement that makes more secure than ever in history the jobs of our members, while providing much deserved economic improvements immediately and in the years ahead." That bold claim by Owen Bieber, president of the United Auto Workers, at 2:20 last Friday morning, brought to an end three months of intense negotiations between General Motors and its workers. The agreement on a new three-year contract raised hopes that the auto industry, which is now enjoying a boom, will be spared a long and damaging strike...
...vote down anything less than getting back our 3% a year." Rallying under the slogan "restore and more in '84," workers like Lankford have maintained that the union should not only recoup concessions made in its 1982 contract with GM at the depth of the auto industry's troubles but also win additional benefits. That year, U.A.W. leaders predicted the contract with GM would pass comfortably, only to see it scrape...
...United Mine Workers have an even stronger tradition than the Auto-workers of rejecting contracts negotiated by their leaders and hitting the picket line. Five times in the past two decades, workers have gone on strike. In 1977-78 the miners were out for 111 days, and in 1981 the walkout lasted 72 days. But U.M.W. President Trumka this year was determined to break precedent. The coal miner turned lawyer wanted to win better salaries and better job security-without recourse to a strike. When the talks in Washington ended, he claimed to have secured a "totally non-concessionary" agreement...
...brakes can bring him to an abrupt stop. And so, after barreling ahead at an 8.8% annual growth rate during the first half of 1984, the economy will slow in the coming months, but it still has enough momentum to keep going at least through 1985. Even a national auto strike against GM would have only a limited and temporary impact, unless it lasted for many months...