Word: laborative
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Hours later, Shamir appealed for an agreement to resume the convention within a few weeks. Labor Party leaders, for their part, maintained a discreet silence, but they were said to be discussing the developments with the smaller political parties that have supported Likud in the past. The pro-Labor Jerusalem Post asked how Herut could be considered fit to govern when its leaders accused one another of being "power-mad cheats, liars, vote riggers, megalomaniacs and, all in all, criminals." At his home on Zemach Street, Menachem Begin kept his own counsel but was reportedly distraught at the Herut bloodletting...
Volcker's Federal Reserve Board has been able to allow low interest rates to work their magic because inflation remains only a distant threat. In fact, the Labor Department announced last week that wholesale prices actually deflated in February, falling by 1.6% from January, the biggest one-month drop since record keeping began in 1947. The Consumer Price Index, which peaked at a raging 13.3% in 1979, increased only 3.8% last year. Moreover, the expected increase in U.S. economic activity, which ordinarily might send wages and prices sharply higher, is unlikely to do so this time, because factories have plenty...
...mission seemed manageable when Icahn first gained control of the ailing airline. As part of his takeover deal, the new chairman received $250 million worth of wage and work-rule concessions from TWA employees, including the unionized pilots and machinists. Because of its high labor costs, TWA has been hard pressed to compete with such no-frills carriers as People Express and Continental Airlines...
...would succeed A.W. Clausen, the former BankAmerica chairman, as president of the World Bank when his five-year term expired on June 30? For months, Federal Reserve Board Chairman Paul Volcker was touted for the job, as was Labor Secretary William Brock. Last week the guessing game finally ended as the Reagan Administration named Barber Conable, 63, a highly regarded former Republican Congressman from New York, as its candidate to head the international development institution...
Nevertheless, the Europeans also share common reasons for opposing the American action. Among some leftists, including members of the West German Socialists and the British Labor Party, there is a fashionable attitude of blaming the U.S. for trying to stop terrorists rather than the terrorists for starting the bloodshed. A broader group of Europeans fear that since their continent, not the U.S., is the terrorists' battleground, they are most likely to suffer reprisals...