Word: averted
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There was one hopeful job development: members of the United Mine Workers voted to accept a contract that will raise wages and benefits 54% over the next three years. The end of their 24-day strike will avert many layoffs in coal-using industries. But enough workers are being furloughed anyway to keep unemployment climbing. Alan Greenspan, chairman of the Council of Economic Advisers, now predicts that the unemployment rate will peak at "something over 7%" next summer...
There is no way to get inflation down to low numbers in one year "no matter what," Eckstein said, so the administration should take action to avert a disastrous recession...
...goal of the convention is to ratify a charter or constitution of a sort no American political party has tried to write before. For several high-ranking party leaders, a primary convention goal will be to avert serious conflicts among party factions so that the party may begin to shape a united front for the 1976 presidential elections...
...powers-the U.S., Western Europe, Japan and Canada-he spent months pondering policy options. He and his staff went through ten drafts of the speech. The result was a passionate, sometimes eloquent statement. At its heart was a five-point program of international cooperation that Kissinger hopes will help avert massive financial and political disruptions by eventually driving down the price of oil. The industrial nations, he argued, must band together in what amounts to a countercartel and jointly conserve, develop and share their own energy sources...
George Mavros, a conservative former associate of the late prime minister George Papandreou--whose re-election the '67 coup aimed to avert--heads the party of the Center Union-New Political Forces. The junta exiled him repeatedly on account of his antagonistic public statements, and he joined Caramanlis as vice-premier and minister of external affairs when the regime fell. He counts a youngish (late forties to early fifties) group of progressive middle-class Greeks among his followers--most of whom actively resisted the dictatorship and suffered persecution, exile, jail, and torture. These people comprise, specifically, the NPF sector...