Word: inflationitis
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Dates: during 1960-1969
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Most U.S. campuses reported a lull on the peace front last week. Combat was light and scattered; it was a time for R & R between Viet Nam protests. While some participants in the Oct. 15 Moratorium concentrated on classwork, others planned for the Nov. 15 march on Washington. Even so...
UNITED STATES labor leaders have declared war on the Nixon Administration's anti-inflation wage strategy, and the first big battle is the strike against General Electric Co. Last week a dozen unions representing 147,000 G.E. workers banded together and struck the company's 280 plants in...
In the Alice in Wonderland logic of inflation fighting, the Administration's policymakers welcomed the confrontation. They feel that a tighter economy will force lower wage settlements. President Nixon says that he wants everybody to show "backbone" in resisting inflationary wage and price increases rather than relying on White...
Olympian Unconcern. Union economists argue that the worker has been hardest hit by inflation and is the one who will get squeezed the most in a tighter economy. A.F.L.-C.l.O. President George Meany said last week that labor would not buy Nixon's call for wage moderation. He promised...
The Nixon Administration's main plan for helping housing is to stop inflation. Unless that is done, construction, and especially land costs will continue to rise, and mortgage money will become still scarcer and costlier. The result could be a housing famine that no politically conceivable amount of public...