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Union President I.W. Abel, 62, a practiced and canny negotiator, says that he cannot offer his membership anything less than the package that his union wrested in mid-March from the can industry. That settlement included an increase in wages and benefits amounting to about 31% over three years, plus an escalator clause tied to the cost of living. R. Heath Larry, 57, U.S. Steel's vice chairman, who heads management's bargaining team, has indicated that a 31% wage boost is too high. The most tenacious sticking point, however, will be the cost of living provision...

Author: /time Magazine | Title: Business: Trying to Avoid an Unwanted Strike | 5/24/1971 | See Source »

Moscow and Washington launched the Strategic Arms Limitation Talks (SALT) 14 months ago on a note of guarded optimism. Last week, with the talks due to resume in Vienna in mid-March, the mood was one of gloom. In Washington, a top-level White House official said that the Administration believed Moscow has failed to make the basic "political decision" on the desirability of setting limits on its military capability. Yet the prestigious Federation of American Scientists has charged the Administration with precisely the same failure and warned that, as a result, SALT may produce nothing but a "sham" agreement...

Author: /time Magazine | Title: DISARMAMENT: Souring on SALT? | 2/1/1971 | See Source »

...Star baseball game on July 14 in Cincinnati, it might be Tommy Helms of the Reds, who is hitting .207, but not the Chicago Cubs' Jim Hickman, who has a .341 average. Though the Cleveland Indians' Ken Harrelson has been sidelined with a broken leg since mid-March, he is still a candidate for the game, crutches and all, while the California Angels' Alex Johnson, who has a .348 average, is not. In fact, almost half of the top 20 hitters in the major leagues have been omitted from the ballot, including Leftfielder Rico Carty...

Author: /time Magazine | Title: Sport: The Beeg Hoppy Fella | 6/29/1970 | See Source »

...almost a year, officials of the Nixon Administration had been forecasting an imminent drop in interest rates-and encountering growing skepticism. By mid-March, Treasury Under Secretary Charls Walker resignedly told the Senate Finance Committee: "It's just like the Long Island Rail Road-if you wait for the train long enough, it's bound to arrive." Last week it finally did. New York's Irving Trust Co. led major U.S. banks in cutting their "prime" business-loan rate by half a point...

Author: /time Magazine | Title: The Economy: Political Interest | 4/6/1970 | See Source »

...Seventh Avenue because it comes out every day," complains one disgruntled manufacturer. "It's like brainwashing: you read anything on a daily basis and you begin to believe it." Others are hoping against hope that Orbach's, which holds its trend-setting showing of Paris copies in mid-March, will try to hold out for shorter lengths...

Author: /time Magazine | Title: Modern Living: Claude and the Long Look | 3/9/1970 | See Source »

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