Word: braked
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DAYTON, OHIO: Talks have resumed between union and GM negotiators to reach an agreement ending the two-week old strike by workers at two Dayton brake plants. Earlier, negotiators took a brief break following 40 hours of non-stop bargaining. The walkout by 2,700 workers at the two plants has idled some 150,000 GM workers and forced the world's largest automaker to shut down 25 of its 29 North American assembly plants. The effect of the strike has spread beyond GM, as the company has halted steel and engine shipments. Caterpillar Inc., which makes engines...
DAYTON, Ohio: Workers at two General Motors brake plants have gone on strike, threatening production at other GM plants. After failing to reach agreement during all night talks, about 3,000 workers walked out of the two plants Tuesday morning. The main issue in dispute is the production of parts by outside plants or companies. Union officials say GM's proposed 'outsourcing' of production could affect 125 jobs. Two years ago, workers at the two plants staged a three-day strike, shutting down five GM assembly plants. GM spokesman Tom Klipstine said that the strike would have no effect...
...Arab-American smashed his car into a bus stop, killing one woman before two bystanders shot and killed him. It's not known whether police will charge the two men who opened fire on the driver, who apparently had lost control of his car and tried to brake. Despite the bombings, Beyer notes that the majority of Israelis support a continuation of the peace process: "According to a new poll released Monday, two thirds of Israelis supported the Oslo peace agreement a couple of weeks ago. Today, 55 percent are for the agreement and 45 against. That this is still...
...that government isn't fun or noble anymore. It's that their brand of politics is defeated, and won't be revived in their lifetime. President Clinton has accepted terms that would have seemed like political suicide even a year ago: a balanced budget in seven years and a brake on entitlement spending. All that's left are the ugly details...
That could put a brake on the U.S. economy, which grew a zesty 4.2% in this year's third quarter. Consumers account for two-thirds of the country's total spending, so any sharp decline in their purchases could slow the nearly five-year-old recovery or threaten to end it. "I see a 25% risk of a consumer-led recession in the first half of next year," Yardeni says...