Word: inflationitis
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Dates: during 1960-1969
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Today the tiny wool-and beef-producing nation offers so many giveaways (among them: full-pay retirement at 55) that Uruguay is all but broke. To pay its burdensome bills, the government has simply printed more money, run its foreign debt to more than $500 million, and created a galloping...
Part-Time Professors. Mainly because of dismally low salaries, most Latin American faculties consist of part-time teachers whose main interest is in their outside jobs in law, medicine or politics. At San Marcos, only 57 of 1,344 professors teach fulltime, have little opportunity or incentive to do scholarly...
It is now an established fact that inflation is spreading across the U.S. economy at the fastest rate in years. Since January, the prices consumers pay for goods and services have shot up at a 3½-a-year pace. Last week the Labor Department reported that consumer prices rose...
Six weeks after it began, the biggest and costliest strike in U.S. airline history ended last week with a labor triumph. The 35,400 striking members of the International Association of Machinists not only slapped down Lyndon Johnson's personal efforts at peacemaking, but won a settlement so lavish...
Somewhat grudgingly, the strikers voted at week's end to accept an 18% raise in pay and benefits over three years and to return to work at five airlines that normally carry 60% of the nation's air traffic. That 4.97%-a-year boost shattered what little was...