Word: labor
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Dates: during 1960-1969
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Sheer Frustration. Unlike the affluent and aggressive contact men maintained in Washington by business and labor, the discreet university lobbyists are less concerned with shaping new legislation than with helping their schools take advantage of laws already on the books. Typical of these college representatives is Mark Ferber, 36, a Ph. D. in political science from U.C.L.A., who represents the nine campuses of the University of California. Ferber defines his job as mainly "just reading bills and advising the university on what effect they will have." Rowan Wakefield, who represents the State University of New York and its 58 branches...
...keep up with demand despite shortages of skilled labor, many companies this year will forgo customary plantwide vacation shutdowns. Machine-tool manufacturers, jet-engine builders and even golf-club makers are swamped with orders. The stock market also perked up last week, prompting talk among analysts of a traditional summer rally. The Dow-Jones industrial average rose 17 points to 894, its biggest gain in six weeks...
Rebuff for Restraint. Wilson also had troubles inside the Labor Party. Minister of Technology Frank Cousins (see THE WORLD), a dedicated, emotional trade union leader, resigned in protest against Wilson's aim of holding down wage increases. The dispute hardly bolstered confidence in the British econ omy or the value of the pound...
...left at the end of his five-year term to resume his partnership in the famed banking house of Baring Brothers. The O'Brien appointment was calculated to offend neither the financial community of "the City," which would have resented the traditional selection of a Treasury aide, nor Labor's obstreperous left wing, which would have been unhappy with a private banker. O'Brien, who likes to play tennis on weekends at his Wimbledon district home, aimed his first shots toward midcourt. "We are the executants of monetary and exchange policy," he said. "But monetary questions cannot...
...then, the strike? Labor experts say the walkout resulted from a blend of union politics, large airline profits and attempts by the Johnson Administration to keep the settlement within its anti-inflation guidelines...