Word: labor
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Dates: during 1960-1969
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...Wilson was never a man to be ignored. A swashbuckling, Shakespeare-spouting romantic, he was also a volatile, foulmouthed labor leader who spent years fighting chicanery in his union's higher echelons. As the $13,000-a-year secretary of the Brotherhood of Painters, Decorators and Paperhangers' San Francisco Local 4-biggest in the U.S.-he commanded the unwavering allegiance of nearly all 2,600 local members. Wilson, 40, was parted from that job on April 5, when shotgun blasts tore into his chest and shattered his skull...
Even the outward forms of British tradition got bent again last week as Chancellor of the Exchequer James Callaghan took the Labor government's annual budget to the House of Commons. Instead of the shabby red leather case, passed along from one Chancellor to another for decades, he carried in a new and ominously black one. From it he produced the most unexpected tax plans since Sir William Harcourt introduced death duties...
...odds, Callaghan's greatest surprise was a "selective employment tax," aimed at redistributing Britain's strained labor supply to provide more goods for the export trade-without causing unemployment at home...
...Commons were flagellants who had just had their whips confiscated by a benevolent abbot." Next day the critics were heard from. Businessmen predicted that the payroll tax would drive up the cost of living. Union leaders predicted that the bonus to manufacturers would increase the already serious problem of labor hoarding. The influential Economist simply dubbed the budget "fatheaded...
...Britain has embraced deliberately discriminatory taxes to tinker with its troubled economy. That may well prove a high price to pay in order to placate foreign creditors without sacrificing prosperity, for it still fails to dig at the roots of Britain's problem: lax management and hidebound labor...