Word: braked
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...negotiating calendar, the United Steel Workers last week won a contract that will raise labor costs of the nation's ten biggest steel firms 40% over the next three years. The pact dims any hope that the moderation that marked labor agreements last year -and kept some brake on inflation -will continue. It represents a high price for labor peace: bargaining was conducted under a year-old experimental pact that prohibits the union from striking, gives it a guaranteed minimum increase and the right to bargain for more, and pledges both sides to submit any differences to binding arbitration...
Tonight's fight will not determine the heavyweight champion of the world. George Foreman has staked his claim quite convincingly to that role. Rather, tonight's battle must be viewed as a showdown between two fighters, each champions in their own era, seeking to brake the slide from the top. It is a fight for survival...
Hundreds of companies have been bombarding the Cost of Living Council with notices of their intention to raise prices on products ranging from beer to brooms to brake linings. Automakers may hear from the COLC this week on their petitions for another round of price boosts; some increases are bound to be granted, and Ford and Chrysler warn that these will not be the last for the '74 models. Retail food costs-particularly those of bread and milk-continue to climb as increases in farm prices work their way to supermarket shelves. The Arab oil squeeze will further inflate...
...these high-technology federal programs have been winding down, and Rockwell has been shifting the researchers to developing such products as pocket calculators and computerized truck brake systems. With the three latest acquisitions, Government contracts will be shrinking from roughly half of Rockwell International's business last fall to just under one-third. Says Al Rockwell: "Admiral is not the end-all merger, but we do feel that we will now have a balanced, well-rounded organization...
...result, manufacturing secrets rarely keep for long in Detroit. A few years ago, for example, Ford men concluded that a competitor was building a superior master brake cylinder. They designed a similar one, but modified it to use two bolts instead of four. Sure enough, two years later they found their two-bolt design appearing in the brake cylinders of the competitors' cars that they dismantled. At present, auto engineers are focusing particular attention on how rivals go about reducing the weight of their cars in order to placate a public increasingly concerned by the cost of gas guzzlers...