Word: labor
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Dates: during 1960-1969
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...AUSTERITY. "I have severely forbidden the construction of sumptuous houses in order to reserve labor and resources," announced .Thieu, adding that he had given "strict instructions to close def initely the dancing bars and other dis guised nightclubs that are harmful to our good moral traditions and deprave our youth." Outdoor markets for smug gled and stolen goods were also or dered out of business...
...overkill punishment is no deterrent. In 1786, the Philadelphia Quakers established incarceration as a humane alternative. Seeking penitence (source of "penitentiary"), the Quakers locked convicts in solitary cells until death or release. So many died or went insane that in 1825 New York's Auburn Prison introduced hard labor-in utter silence. Until quite recently, the U.S. relied almost entirely on the spirit-breaking Auburn system of shaved heads, lock-step marching and degrading toil in huge, costly, isolated cages that soothed the public's fear of escapes...
...much devaluation to risk. Afterward, the IMF gave the U.K. a hefty $1.4 billion stand-by credit to help it get back on its feet. As one condition, IMF aides scrutinized and gave tacit approval to the draconian British budget introduced last week (see THE WORLD) before the Labor Government dared present it to Parliament. Had the IMF considered the British economic cutback too meager, it could have canceled the loan and so forced Britain at least to the brink of a second devaluation. The price Britain is paying for its profligacy is a partial loss of economic sovereignty...
American Motors Corp. has encountered many obstacles on the road back to financial health but none any more perilous than its eight-month-long labor negotiations with the United Automobile Workers. Away from the bargaining table, the company has made headway against major roadblocks. Last month it announced earnings for the three months ending Dec. 31 of $4,500,000 (plus a special tax recovery of $19,200,000), its first quarterly profit in 18 months. Its auto sales for the current model-year have been running about 10% ahead of last year's levels. Encouraging as those signs...
...contemporaneity. "He wrestled with the problems of the cities," writes White. "He cut the relief rolls from 320,000 to 150,000 citizens. . . He tackled credit and restored some commercial stability to the system ravaged by his own wars; put through tax reforms; wrestled with the problems of labor and wages; and began to examine what we today call the problems of urban environment. . . He tried to reorganize the crowded city traffic that choked the streets of Rome, and, of course, like all men dealing with urban traffic ever since, failed...