Word: contract
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Dates: during 1970-1979
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...years ago, if an elite university recruited a black student, you could bet they'd come to your school," he said, adding that in contract black students have undergone a "normalization process" in the last five years that is "allowing them to choose state schools instead of private institutions for trivial reasons just like many other students...
Union members argue, with some justice, that they have already suffered enough from Britain's war on inflation. In 1975 they agreed to a "social contract," under which wage demands were held down in exchange for increased government benefits. Over the past three years, their restraint helped reduce inflation from 24.2% to about 8% last year. But, with Britain's economy bubbling from an infusion of North Sea oil, the unions feel it is time to recoup the sacrifices of the past. They regard Callaghan's effort to impose a 5% ceiling on settlements as a challenge...
Callaghan will meet this week with leaders of the Trades Union Congress in an effort to arrive at a new social contract between the Labor government and organized labor. The stakes are high. Chancellor of the Exchequer Denis Healey warned last week that if the 15%-and-higher settlements sought by the unions are enacted, inflation will soar to double-digit rates. Moreover, unless taxes were raised to cover the higher wages, 100,000 local government workers, union members all, would have to be laid off. The Prime Minister could provoke a rebellion in his own Cabinet if he tries...
...miles driven in the U.S. has been "deadheaded." O'Neal has further decreed that organizers of a new truck line need prove only that they will "serve a useful public purpose" to be allowed to operate. He has also scrapped an ancient ICC dictum that a line could contract to haul the goods of only eight shippers. This "rule of eight" froze many small shippers out of trucking contracts; truckers were reluctant to sign up a small shipper when they might get a bigger...
...Manhattan) and private investors. Though most of the members do not show up on a day-to-day basis, they are still hooked up to the system through the exchange's dozen or so floor traders. The traders guarantee AMREX $30,000 in annual fees under a trading contract and try to match up sellers with interested buyers. Once a trader thinks he has a good match, he will try to bring the two parties together for a potential deal...