Word: contract
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Dates: during 1970-1979
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...offending firms. Admits one of the council officials: "We're really anxious to find somebody who's not complying." Carter and Kahn are trying to pressure Congress to approve the Administration's real wage insurance plan, under which union members who settle for a contract within the guidelines would be compensated by tax credits for any rise in inflation above 7%. But that proposal seems hopelessly buried in the House Ways and Means Committee...
Amid all the alarm over multiplying profits and double-digit inflation, the White House is facing what could be a make-or-break challenge to its Stage II efforts to restrain union pay demands. The crunch will come in its attempt to hold the critical Teamsters contract settlement within the Administration's "voluntary" guideline limits of 7% a year in wage and benefit increases. On the 13th floor of a hotel overlooking Arlington National Cemetery, union and management negotiators have been bargaining in earnest for more than a week to shape a new master freight agreement for the Teamsters...
...Teamsters are used to hefty settlements, and won more than 10% annually in their last contract. If they can somehow be persuaded to stay even close to this year's 7% guideline, the other pace-setting unions that will negotiate contracts later in 1978-the electrical, rubber and auto workers-may moderate their demands. But should the Teamsters gravely breach the guides, 3.3 million other union members whose contracts expire this year will probably feel free to go for broke. As one of the Administration's inflation fighters put it: "If we lose master freight, we can forget...
...coal companies are faring well in spite of the industry's travail. In the West, strip-mine operations have benefited from low labor costs and long-term contracts at profitable rates. But other companies have wound up merely digging up the coal and dumping it on the ground. Utility companies have stockpiled so much that many now have no more room to store the fuel. Meanwhile, the surplus is forcing down contract prices for single shipments, which have tumbled from about $31 a ton a year ago to as little...
...isolated passages of The Associates, Osborn conveys a familiarity with soft-carpeted power and a fascination with contract law, the translation of human reliance into legal principles. But the officers of Bass and Marshall are little more than caricatures. Their eyeballs are forever bulging, and they communicate with associates chiefly by hissing. One partner fancies himself as a sea captain, and enters securities litigation with commands like "Blast them. Send them down in an instant with all hands on board." Cosmo Bass, the formidable autocrat who runs the firm, could have been another Kingsfield, the Paper Chase professor. Unfortunately, Weston...