Word: cio
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...economists still do not foresee dramatic runups of unemployment as in 1974. The consensus is for a recessionary unemployment peak of about 8% by year's end. Leif Olsen, chief economist of New York's Citibank, says that talk of 12% is a "bit panicky." Says AFL-CIO President Lane Kirkland: "Unemployment is going to be in excess of 8% by the end of the year under present circumstances." But Economist Michael Wachter of the University of Pennsylvania, among the most pessimistic on jobs, sees the rate reaching a high...
...sellout," said Maye Lean Amos, a sewing-machine operator at Chrysler's Detroit auto-trim plant. Some union leaders meeting in Washington last week for their regular spring session were sympathetic to the "special circumstances" of Eraser's appointment. But most supported AFL-CIO President Lane Kirkland, who says that workers are best represented "through the collective bargaining process and the adversary system that it represents...
...have to wonder and fear where we will be after four more years of the Carter Administration." This sort of taunt, shouted by Senator Edward Kennedy at the Pennsylvania AFL-CIO convention last week, is stirring considerable anxiety in the White House...
...this atmosphere of tension unionists are becoming sensitive to the ways corporations are using the deferred savings of their employees. Shortly before he assumed the AFL-CIO helm, Lane Kirkland told his colleagues that "pension funds have been used by some banks and investment counselors to finance runaway employers to the injury of the very unions and workers who negotiated and created those funds. That has to stop." The question of who has the right to control pension-fund investment is a controversial one with far-reaching implications for the structure of the economy...
...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...