Word: auto
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...past their destination along the coastal road. They crossed Christian Phalange and Lebanese Army checkpoints without incident, then suddenly spotted a Syrian checkpoint straight ahead. Realizing that they had strayed into hostile territory, they turned the car around and tried to flee. Syrian soldiers opened fire on the retreating auto and gave chase. By the time a special commando team from Israel had been sent to the scene in an effort to rescue its stranded countrymen, the three officials had been captured. They were flown to Damascus, where the Syrian government announced that they would be held as prisoners...
...sell the troops quite a few Hong Kong-made mugs, flags and ashtrays, they made far more money from the British goods they once peddled to Argentine tourists. The Standard Chartered Bank has opened an office on Ross Road, but the capital still has no barber shop, laundry or auto-repair garage...
...executives served themselves this year are in some cases turning into bitter fruit. Critics ranging from union leaders to management experts are assailing the increases as an affront to workers and a potential threat to the economy. Last week the attacks mounted. "A scandal and an outrage!" charged United Auto Workers Vice President Marc Stepp. "When I saw those numbers, I was stunned." Management Guru Peter Drucker, writing in the Wall Street Journal, called for voluntary curbs on top-executive paychecks, maintaining that if companies do not control themselves Congress will set up restrictions. The Democracy Project, a New York...
...array of goodies at the top poses the hazard of a backlash among lower-echelon managers. The auto engineers at Ford, for example, traditionally the loyal core of the company, have lately taken to griping and restlessness. A major defense contractor, Drucker says, recently lost 20 prized engineers who had received only a 3% salary boost at a time when top management got a package of incentives totaling 30%. Says Drucker: "Resentment over top-management compensation is by no means confined to unions and rank-and-file employees...
...Japanese company wanted a beachhead in the U.S. In 1979 Nippon Kokan considered buying plants from Kaiser Steel, but backed out after deciding that the facilities were outdated. Last year the Japanese firm broke off negotiations to buy Ford's Rouge Steel unit, mainly because the United Auto Workers would not make wage concessions. This time Nippon Kokan did not insist on a new contract with National's steelworkers, though they make an average of $21 an hour in wages and benefits, compared with $11.60 an hour for their counterparts at the Japanese company...