Word: labor
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Dates: during 1960-1969
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Within the context of that fear, even good news can sound bad. Labor Secretary Willard Wirtz proudly announced some statistics: last month, for the first time in nine years, U.S. unemployment fell to 4% ; by year's end said Wirtz, the figure ought to reach 3.5%, and driving it even lower should be "a first-priority national objective." Although nobody favors unemployment, there were some fretful murmurs about the inflationary potential presented by nearly full employment. Scarcities of labor mean higher wages, and higher wages, with U.S. plants working close to capacity, conjure up the specter of too much...
First Installment. The proposed law is an important part of the Labor government's campaign to modernize British industrial practices and thus attack the balance-of-payments problem at its source (see following story). But so compelling is the need that the bill also has solid support from Conservatives and in fact may be followed by even tougher regulations. "A first installment," Jay calls it; he promises a second that will cover now-exempt banks and insurance companies...
Swallowing some of the same austerity, the government announced plans to cut the demand for construction labor by reducing public building by $168 million during the 1966-67 fiscal year. To prod British industry into selling more abroad, the government devised a new system of capital-investment grants and formed a commission to promote mergers among companies that are too small to compete on an international scale. If these tonics fail, Whitehall will prescribe stronger medicine. "I repeat," said Wilson, "that whatever measures are needed to strengthen our balance of payments and keep sterling strong will be taken...
...table before him lie vials of red and blue and purple inks, pots of honey-colored glue, sheets of gold leaf, and reams of creamy antique vellum glowing golden in the candlelight. Only the scratching of a quill interrupts the rich religious silence as the priest pursues his labor of love...
...happens, the labor of love is a forgery. As it further happens, the forgery is historical fact: in the 18th century a priest named Giuseppe Vella actually perpetrated a fraudulent history of Sicily under Norman rule and briefly imposed his imposture on the credulous court of Naples. In this shrewd, satiric novel about Vella and his villainy, Sicily's Leonardo Sciascia hilariously spoofs impostors and imposture and etches a bitter likeness of sunny Sicily's decadent nobility...