Word: broking
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Dates: during 1970-1979
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These differences help explain the bitter quarreling that broke out among B.C.O.A. members after the United Mine Workers voted down their contract offer two weeks ago. The association is dominated by its biggest members, and many of the small owners complain that the B.C.O.A.'S initial hard-line approach to the bargaining was set by large operators who wanted to break the union. Said the owner of a tiny mine in western Pennsylvania: "The big boys ran the B.C.O.A. show, no matter what we thought. They realized that [U.M.W. President] Arnold Miller was weak and a little dumb...
...varied. In Coventry, R.I., the welfare office received an authorization card with a letter saying simply that "someone else may need this more than we." Others who missed only a day or so of work felt that they had not suffered enough to deserve it. In some families quarrels broke out over whether to accept the charity. Among those who will not have to wrestle with their consciences, however, are employees of the town of Narragansett, about 90 of whom received the stamps. The Narragansett town council has since voted that the employees should return the largesse to the Federal...
...Socialists agreed to Communist proposals for updating the left's Common Program, including a sweeping nationalization of industry. Mitterrand offered his own explanation for the poor showing: "The Communist Party, acting in its own partisan interests, had launched an unjust and inopportune polemical attack on the Socialists that broke the dynamism of the union of the left...
...central bank interest rate to 3.5%, the lowest since 1946. Those measures failed to keep dollars from pouring into Japan, so the Bank of Japan bought up $500 million of greenbacks offered for sale. That did not prop the price, and at one point the dollar broke the 230-barrier on some exchanges...
Bizarre as the Olin case is, the Citibank no-loan decision probably is more significant. A Senate report identifies Citibank as one of eleven U.S. banks that have made most of the $2.2 billion in U.S. loans now outstanding to South Africa. Citibank did not trumpet its decision; it broke the news in a proxy statement to shareholders, quietly adding that it is continuing to lend "selectively, to constructive private sector activities that create jobs and which benefit all South Africans." It did not say what guidelines it would follow to make sure its loans achieved a multiracial purpose. Nonetheless...