Word: labor
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Dates: during 1960-1969
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Flipping Mattresses. Because of massive welfare spending and strike-happy labor unions that demand ever higher wages, Uruguay constantly skirts the edge of bankruptcy. This year, partly as a result of unusually poor production of wool and beef, its two biggest foreign-exchange earners, the country has gone into hock abroad to the tune of $438 million, and gold reserves have tumbled to $146 million. Since January, the cost of living has leaped...
Noisy Demonstrators. Uruguay's labor unions reacted so strongly to Gestido's austerity program, going on a series of strikes, that Gestido declared a modified state of siege, prohibiting all calls to strike. Dominated by Communists and encouraged by the huge Soviet embassy in Montevideo-Russia's biggest in Latin America-the 250,000-member National Confederation of Workers last week threatened more strikes. As a starter, 145,000 students, teachers and administrative school personnel went on strike, and 18,000 persons poured into downtown Montevideo for a noisy, anti-government demonstration. If matters...
...teams. The winners will then play a second best-of-seven series, and the survivors of that-if they can still stand up on their skates by then-will meet in still another best-of-seven series of games for the Cup. By then, it will probably be after Labor Day; kids will be back in school and some big-league baseball team will be taking orders for World Series tickets...
Whether they blame the Congress or the President, corporate executives are increasingly vexed by uncertainties and inaction in Washington. "It's difficult to calculate the inflationary pressures on labor rates and costs of ingredients," complains President William Howlett of Consolidated Foods. "I lay 99% of the responsibility at the doorstep of the Administration," says President Robinson F. Barker of PPG Industries. "Sure, you can keep surtaxing and surtaxing until we're surtaxed to death," says President A. Clark Daugherty of Rockwell Manufacturing Co., "but it won't help unless federal spending is cut." The difficulty about wielding...
...most businessmen predict rising sales next year. "We are backing up our forecast by increasing production," says Chairman William Blackie of Caterpillar Tractor Co. "Most businessmen I meet feel we're going to succeed-in spite of Government." Optimism, however, is often tempered with worry over strikes, rising labor costs, and, inevitably, squeezed profit margins...