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...strikes in 1947 and 1948 had left the coal industry vulnerable, unable to compete with oil and natural gas. So, in return for not opposing the mechanization that would make coal competitive, though it would throw almost 500,000 men out of work, Lewis extracted a royalty of a nickel on each ton of coal from the producers. With this nickel royalty, he founded the UMWA Welfare and Retirement Fund. The Fund is now worth over $400 million, but in effect Lewis had tied the union to the royalty. The UMWA had a vested interest in maintaining a high level...

Author: By Joe Dalton, | Title: The Yablonski Legacy | 3/20/1976 | See Source »

...right-winger. The effort failed. Laborite Geoffrey Robinson, 36, a Yale-educated former manager of Jaguar Motors, was elected by a comfortable margin of 17,118 votes to 13,424. How did the Labor government manage to remain so strong despite the White Paper? TIME London Bureau Chief Herman Nickel cabled this analysis...

Author: /time Magazine | Title: BRITAIN: Icing for Harold's Cake | 3/15/1976 | See Source »

Strained Economy. The hot pursuit of guerrillas into Mozambique seemed an almost suicidal provocation, since Smith's government, primarily for economic reasons, cannot afford to alienate Mozambique. Landlocked Rhodesia sends more than half its exports (principally tobacco, asbestos and nickel) through Mozambique to the Indian Ocean ports of Beira and Maputo (formerly Lourenço Marques); Machel could cut off those lifelines. Indeed, at week's end Mozambique authorities arrested 16 Rhodesian railwaymen at the border station of Malvernia, forcing Rhodesia to close the line to Maputo in protest (the Beira line was unaffected...

Author: /time Magazine | Title: RHODESIA: Make Peace or Face War | 3/8/1976 | See Source »

Finch calls the Harris campaign a "nickel and dime operation." All organizers are unpaid, and they stay in the homes of Harris supporters while on the road...

Author: NO WRITER ATTRIBUTED | Title: 300 Volunteers for Harris Descend on Massachusetts | 2/28/1976 | See Source »

...postscript: Nickel returned to London by subsonic jet, taking 9½ hr. door to door, including stops in Vienna and Amsterdam. The Concorde carries 100 passengers from London to Bahrain, but only 71 the other way; takeoff temperatures, head winds and weather delays in Europe require more fuel...

Author: /time Magazine | Title: Business: Supersonic Debut: Two Views | 2/2/1976 | See Source »

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