Word: bigs
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Dates: during 1970-1979
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Company executives counterpunched with arguments that the reported gains were misleadingly big and that profits really have been rising too slowly. Said R. Heath Larry, president of the National Association of Manufacturers: "We will not become the scapegoat of the Administration. High profits are not inflationary; they promote new technology and investment, reduce pressure on the credit market and lift corporate taxes. You have to feed the cow instead of kicking it if you want the milk...
Both sides will give and take as the negotiations proceed, but there is a limit to how much Teamsters President Frank Fitzsimmons can bend. If he stays firm and wins a big settlement, that may help him fight off small but growing and vocal dissident movements within his union. The insurgent groups-Washington-based PROD Inc. and the Teamsters for a Democratic Union in Detroit-aim to wrest control of the scandal-scarred union's leadership. The rebels want more democracy and a cleanup...
Though the 10,000 or so dissidents will play no direct role in negotiations, their views accurately reflect those of many union members who have not joined them. The national leadership feels that a big settlement would help quiet members' broad complaints about unsafe working conditions, compulsory overtime and mismanagement of pension funds. If Fitzsimmons settles for too little, he risks handing the dissidents a major arguing point in future struggles...
Some of the demand comes from Europeans, who find the Rockies cheaper than the Alps, but condo buyers are mainly affluent U.S. skiers. A big reason for Aspen's inflation is its restrictive zoning and new growth-management plan, which encourage low-income housing and limit the pace of luxury construction. Says Hans Cantrup, a developer: "The building quota has already been used up for the next three years." Canny Cantrup has growth-management approval for his plans to put up 30 town houses. Price: $1 million each...
...West and the Wilderness, Kevin Brownlow, a British film historian, sets out on a unique rescue mission, interviewing survivors, rescuing stills from such bygone epics as Squaw Man and The Big Parade, trekking through early archives. The stories he brings back are the stuff of legend. They could, as well, be the stuff of marvelous adventure movies, if the entertainment industry were not currently catering to adolescent disco fantasies...