Word: labor
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Dates: during 1960-1969
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...such appraisal from the White House is bound to stir a skeptical reaction. For a growing number of Republican leaders, in particular, no amount of rosy predictions will conceal the fact that Lyndon Johnson is vulnerable on the war issue. That conviction was reinforced during the Labor Day recess, when vacationing Congressmen sounded out their constituents. Said Kentucky's Republican Senator Thruston Morton: "The people I talked to a year ago were saying, 'Bomb hell out of that little country.' Now they're saying, 'Get out.' They're frustrated...
Worse & Still Worse. It was all too clear already that 1967 was shaping up as the biggest year of labor strife in more than a decade. In the first six months, reports the Labor Department, more man-days (14,470,000) were lost to strikes than in any like period since 1953. About the only hopeful development last week was an apparent end to the impasse between the railroads and six shopcraft unions. As ordered by a presidential arbitration panel, acting under an extraordinary congressional mandate, the railroads will grant an 11% wage increase over two years...
Even so, the rail panel's recommendation was probably not much more than the unions could have got on their own -if they had been allowed by Congress to strike. For U.S. labor is in an aggressive mood; unions are demanding, and most often getting, more than they have been accustomed to. The 3.2% voluntary ceiling on wage increases that President Johnson promoted so vigorously only a year ago has gone the way of the great consensus; hardly anyone even bothers to talk about, much less follow, the 5% guideline that succeeded...
...last year's 91% peak), they also suspect business of using any pretext to raise prices in order to reap a windfall of earnings as the economy picks up. Reflecting this root distrust, Ackley recently took special pains to chide the rubber industry for following a strike-forced labor settlement that was "clearly out of line" with price hikes "even greater than the added costs of the wage agreement...
...over. The German stock market, dormant since the late 1950s, is thriving. In July and August, stock prices went up an average 19.8%. Un employment, probably the most sensitive problem for Germans since the Wirtschaftswunder all but erased it, dropped almost 5% in August, to 1.7% of the labor force, still an uneasy fig ure compared with the 1% of August 1966, but way down from a peak of 3.1% last February...