Word: labor
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Dates: during 1960-1969
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Sources at the Law School confirmed yesterday that Cox, one nation's leading authorities on labor law, will return to teach-ere as a full professor. His schedule is expected to include a year course on criminal law and an advanced course...
Last week the 21-nation Organization for Economic Cooperation and Development dismissed Britain's export performance as "consistently unsatisfactory." Seeking to calm the foreign fear, Chancellor of the Exchequer James Callaghan unfurled what amounts to Labor's third budget in nine months: a series of tough deflationary measures that stop just short of import quotas, which would be Britain's last line of defense against devaluation...
Cutbacks & Credits. Labor's latest program aims to accomplish three long-sought objectives: reduction of imports, increase of exports, and dampening of inflationary domestic demand...
...year. To spur British sales abroad, Callaghan said that interest charges for short-term export credits will be trimmed from 7% to 6%; the government will also delay planned construction projects for schools, hospitals, housing and roads-thus bravely inviting a rise in unemployment in hopes of overcoming labor shortages in key export industries, such as shipbuilding. To dampen domestic demand and bring down export prices, the government cut back hard on lending for local public works, also shelved its minimum-wage scheme, postponed promised reductions in socialized-medicine charges and in interest rates for home mortgages, and further tightened...
Risky Affair. The new measures were a tacit admission by Labor of what Britain's foreign critics have been saying right along: its previous steps, including higher taxes for consumers, lower taxes for exporters and a 10% surcharge on imports, had been inadequate. Indeed, the latest moves were prompted partly by fear that if there is another pound crisis like last November's, some of the nations that anted up $3 billion to bail out Britain then might not be eager to rescue Britain again. For Labor, which governs by a three-vote majority, the new deflationary steps...