Word: costs
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Dates: during 1970-1979
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Despite the basic agreement on wages, the negotiators were unable to settle other critical issues, chiefly whether cost of living increases would be paid annually or semiannually. The truckers had agreed to an annual raise equal to 65% of the rise in the Consumer Price Index. The union wants semi-annual increases, which could add a few percentage points to the overall cost of the contract...
...White House labored exhaustively behind the scenes for a moderate settlement, and made a compromise in the middle of last week. Reversing an earlier ruling, a top-level strategy group said that 21? of a 58?-an-hour cost of living increase due to the union on April 1 under the expiring contract should not be counted in the cost of a new settlement. That was expected to clinch the deal. But after the talks broke down, Teamsters President Frank Fitzsimmons made it clear that the Administration's efforts to impose its guidelines had been a key factor...
...money for the gala. Acting on White House authority, he persuaded at least 13 companies and banks (including Xerox, Bank of America and Chase Manhattan Bank) to ante up 5,000 tax-deductible dollars apiece. The White House did not say how much it raised for the dinner, which cost more than $80,000. Anything extra would come out of the State Department's entertainment budget. When questions were raised about the propriety of soliciting private cash, the White House pointed out that previous Presidents had raised money for special purposes, such as furniture or swimming pools...
...barred the U.S. Sixth Fleet from liberty visits to Malta in 1972. But he has also refused to let Moscow establish an embassy. Mintoff has tried to pursue a course that he calls "positive neutrality." Aside from China, which is helping Malta build a drydock for supertankers, at a cost of $40 million, Mintoffs greatest friend of the moment is Libya. Colonel Muammar Gaddafi last week pledged "total support," but nobody knows exactly what that may mean. Many Maltese nevertheless resent the growing Libyan influence, which includes TV programs in Arabic. Unlike their Prime Minister, some of the islanders have...
After two days of stormy meetings, the OPEC ministers agreed to raise their prices for the second time in a little more than three months-on this occasion by 9%, bringing the cost of a barrel of the marker crude, Saudi Arabian light oil, to $14.55 per bbl. Though that alone would fatten OPEC'S already bulging bank accounts with an additional $20 billion annually from the U.S., Western Europe and Japan, as well as more foreign exchange from the have-not nations of the Third World, the cartel also moved to allow individual members to stick on whatever...