Word: demands
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Dates: during 1970-1979
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Both the economy and Carter's fragile political position demand quick action. Indeed, at week's end the Administration reported that the Consumer Price Index for February had risen an alarming 1.2%, the largest monthly jump in the cost of living since 1974. If that rate were to continue, inflation would leap 15.4% in twelve months. Carter had predicted an increase...
...crucial tests. Foremost is the trucking industry's bargaining now under way with the Teamsters union, which is seeking pay raises as high as 38% over three years, far beyond those permitted under the guidelines. Unions generally cite rising corporate profits (see ECONOMY & BUSINESS) as one reason to demand bigger raises. Alfred Kahn, the Administration's top inflation fighter, concedes some merit in labor's claim and protests that "the business community has not been assuming their full responsibility in the anti-inflation fight." However, the acerbic economist contends that any settlement that goes beyond the guidelines...
Steel has been the key money-losing sector. French steel companies, which have been kept going by uneconomic government subsidies, were not prepared for the crisis that resulted from a worldwide decline in demand, accompanied by aggressive competition from Japan and the Third World. While a French worker takes 11.2 hours to produce a ton of steel, the same job is done in Germany in 7.9 hours and in Japan in 5.9 hours. That is partly because French plants have antiquated machinery requiring greater manpower. A more productive steel industry, the Premier argues, "is a matter of survival for France...
Today the doors are wide open. The very teachers and scholars who were forced to make themselves invisible are revered. There is a great demand for classical ballet and a fresh, unsatisfied curiosity about modern dance, particularly the work of Martha Graham. But most of the boom is in music. Last year there were 6,000 applications for 150 places at the Shanghai Conservatory. Says Tang Xuchen, 72, deputy director of the conservatory: "There is something that foreigners do not understand. Children were taught in secret, and anyway, the more you suppress a people, the stronger they become." Tang would...
...remain unarmed. "If you're captured, having a gun is a death warrant," says the Los Angeles Times's Jack Foisie. But the armed correspondents maintain that such ethical hairsplitting is irrelevant to their workaday peril. Says one: "Anyone who can sit in an editorial chair and demand that reporters ride around the Rhodesian countryside unarmed should come here and try it for himself...