Word: laborities
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...been denounced for creating a legal and social nightmare and praised as one of the most important tools for ending discrimination in the U.S. It requires firms that do business with the Federal Government to take "affirmative action" to eliminate racial bias in employment. To enforce the order, the Labor Department in 1968 began requiring that contractors set numerical goals for blacks, other minorities and women in hiring, promotion...
Does all of that mean that Watts is still ripe for disorder? "All of the elements are still here," says Ted Watkins, founder-chairman of the Watts Labor Community Action Committee. "The only part [fortunately] missing is the ability of the disenfranchised and the disgusted to mobilize to do what was done in 1965." Watkins' WLCAC operates a dozen businesses and the food-stamp concession. He and other community leaders attribute the continuing troubles partly to federal budget cutbacks, which have eliminated job-training programs. They have also forced a staff cut (107 to 63) in the Westminster Neighborhood Association...
...increasingly popular Conservative Party has eclipsed the Herstigte (Reformed) National Party. Established in 1969, it is unabashedly racist and exclusively Afrikaner. H.N.P. Leader Marais, 62, says South Africa's unrest could be quelled if the police would only round up "layabouts" in black townships and send them off to labor colonies. "If you're proud of being a white man and you recognize the divinely ordained differentiation between the races," he says, "you're accused of being a racist." The H.N.P, which received 14.1% of the vote in the 1981 national elections, is not represented in Parliament. Even further right...
...Hyundai may have a harder time maintaining quality. "They're not out of the woods yet," says J.D. Power's Parker. Dwindling profit margins are another problem. The average Hyundai car retails for 10% to 15% less than a comparable Toyota or Honda in the U.S., but with rising labor costs and a weaker dollar, Hyundai must persuade customers to pay more so that profits keep growing. Last year Hyundai's earnings edged up a mere 2% while sales grew 10%. Lehman Bros. auto analyst Zayong Koo says, "They need to show a track record of good-quality cars...
...this age of soaring oil prices, hedging has become a crucial part of business for the most successful airlines--the smaller, upstart carriers that aren't burdened by the legacy costs of the old majors. Since energy is usually an airline's second highest cost (after labor), any tweaks in fuel costs or use can turn into big savings. All the major airlines have hedged fuel prices since the 1980s, but as the major carriers have run into financial difficulties in recent years, they have no longer had the cash--or the creditworthiness--to play the oil-futures market. Last...