Word: barbering
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Dates: during 1980-1989
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...their 1978 manifesto The North Will Rise Again, Jeremy Rifkin and Randy Barber estimated that "over $200 billion in pension-fund capital comes from the combined deferred savings of 19 million union members and the public employee funds of the 16 states that make up the northeast/midwest corridor." All pension-fund portfolios could total $1.3 trillion by the late 1980s, controlling half the securities of U.S. industry, according to recent calculations in Fortune magazine...
...staggering figures will probably prompt Kirkland and his cohorts to challenge management authority over pension money very cautiously, out of fear of a backlash. But Barber, co-director of the People's Business Commission, points out that if union efforts were to provoke new legal restrictions on pension investment, "you haven't lost anything." However, he believes such business attempts would fail, in part because state and local governments would regard legal thwarting of union control as raising the threat of eventual federal encroachment onto their own sovereignty...
...OTHER HAND, Barber acknowledges that union leaders must go a long way in educating the rank and file before they can be sure the members will fight for pension control demands presented on the bargaining table. Increased educational programs may be one of the recommendations in a forthcoming study of the pension issue commissioned by the AFL-CIO Executive Council. The AFL-CIO's Industrial Union Department is also expected to release its own study of the matter in the next few months...
PHILADELPHIA vs. EDMONTON: Despite a mild late-season slump, tough-guy turned coach-of-the-year candidate Pat Quinn and his charges, led by a core of reliable veterans (Barber, Clarke, Leach, MacLeish (and blossoming youngsters (Linseman, Propp), topped the NHL. Oilers have the Great Gretzky but not the retzky, yet will snatch a win on home ice to lose in four...
...What is new is not mass communication as one of the major forces in politics," writes Barber, "but rather its emergence to fill virtually the whole gap in the electoral process left by the default of other independent elites who used to help manage the choice ... The primary task a presidential candidate faces today is not building a coalition of organized interests or developing alliances with other candidates or politicians in his party, or even winning over the voters whose hands he shakes. If he has his modern priorities straight, he is first and foremost a seeker after favorable notice...