Word: labor
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...first half of 1966, the industry sold a record 708,939 cars. Prospects were good for the second half as well. But, in July, the Labor government drastically tightened credit to help the ailing pound. Typically, the anti-inflationary measures bore down hard on car buying. The 25% auto-purchase tax was increased to 27½%, minimum down payments were hiked from 25% to 40%, and the time allowed for payments was cut from 27 to 24 months. British governments invariably excuse such controls by claiming that cars are just luxury items. What with the tough new rules, potential auto...
Only personal intervention by President Johnson on Oct. 2 had persuaded the unions to postpone the strike for two weeks. At that time, the President named a mediation panel whose members included Defense Secretary Robert McNamara, Labor Secretary Willard Wirtz and Commerce Secretary John Connor. Summoning the labor-management negotiators to Washington, McNamara and the Joint Chiefs of Staff lectured them about G.E.'s "vital importance to national defense." Mc Namara noted that the U.S. depends on General Electric to supply, among many things, the engines for the nation's best fighter plane, the F-4 Phantom...
McNamara's appeal did not seem to move either side at the time. Said Jennings: "I don't buy the argument at all." But the negotiators then moved to a windowless room in the basement of the Labor Department building where, under the anxious eye of Administration mediators, they finally hammered out their agreement. For months, labor-management analysts had been saying that the G.E. contract would set the pattern for more than 30 major industries over the next year. When last week's settlement was reached, it was difficult to see how it could...
...years both Tory and Labor politicians have considered the British auto industry a handy tool for manipulating the economy. Thus the industry has careened along from boom to gloom, with government, labor and management all wrestling at the controls. Last week the auto business was skidding from the effects of the ninth major switch during the past decade in the government's policy on car sales...
...Hitler's armies during World War II. After V-E day, the Allies confiscated Neckermann's property and put him in jail for a year. He kept up his textile contacts and in 1950 set up business in a rented barracks at a refugee camp, where labor was especially cheap. He put out his first slim catalogue, and it brought him $2,400,000 in orders within eight months...