Word: labor
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Dates: during 1960-1969
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...Relative to Gardner's thought that "the need for money is less acute than the need for new ways to use it," I suggest the following: that the Federal Government establish a national council for ideas, made up of representatives from various Government departments, business and labor, plus farm, religious and educational leaders, to receive suggestions to fight poverty and strengthen human rights. As matters now stand, individuals with ideas must trudge from department to department, only to be told finally that there are no provisions in the budget for new ideas. If a commission were...
When Chrysler Corp. bought 30% of the voting shares of Britain's Rootes Motors Ltd. in 1964, the opposition Labor Party charged incumbent Conservatives with a sellout, voiced fears that the move would lead to U.S. domination of a major British industry. Laborites hooted at the Conservatives' assurances that Chrysler would not be allowed to increase its Rootes holdings substantially without government sanction. Last week, in a rather full circle, the Labor government found itself bestowing its blessing on a Chrysler takeover. Minister of Technology Anthony Wedgwood Benn announced approval of additional purchases of Rootes shares that will...
...trucks. Half will be in the form of an outright loan; the rest will come from the purchase of additional shares, which will push Chrysler's total stock investment in Rootes to $93 million. To damp the fiery protests in Parliament, most of which came from the Labor backbenchers, the complex refinancing arrangements will also call for Britain, through the state-run Industrial Reorganization Corp., to hold about 13% of Rootes voting stock...
...family-controlled Rootes firm, harried by labor troubles, lost $8.4 million in the fiscal year that ended July 31, and estimates are for an additional deficit of $13.3 million in the first six months of the current fiscal year. Moreover, ambitious expansion plans make a major infusion of new money absolutely mandatory. About the only alternative to the Chrysler acquisition was one by government itself-and the Labor ministers wanted no part of that. "The takeover of Rootes by the British government," Mr. Wedgwood Benn explained, "would have involved massive sums of public money without any guarantee that Rootes would...
...planning and state intervention." Balogh frowns on most private foreign investment and advises underdeveloped countries against all "unnecessary investments," such as money spent for the production of more than one basic kind of auto. Though he is a Fabian Socialist, he urges the underdeveloped to be tough with their labor: discourage trade unions and minimum wage laws, he suggests, because they increase production costs and promote the rise of a small privileged class of skilled workers...