Word: nixons
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Dates: during 1960-1969
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...pledged on the front page of his most prized legacy, the Philadelphia Inquirer, to live the rest of his life in the City of Brotherly Love and to uphold "the great traditions" of the newspaper. Annenberg stopped living in Philadelphia this past April when his long friendship with Richard Nixon got him a new address in London as Ambassador to the Court of St. James's. Last week he announced he was also giving up the Inquirer. He sold both the morning Inquirer and its sister paper, the afternoon Daily News, to Knight Newspapers for about $55 million...
UNITED STATES labor leaders have declared war on the Nixon Administration's anti-inflation wage strategy, and the first big battle is the strike against General Electric Co. Last week a dozen unions representing 147,000 G.E. workers banded together and struck the company's 280 plants in 33 states. It was the first nationwide strike against G.E. since 1946. There was some violence on the picket lines as union men scuffled with police...
...Alice in Wonderland logic of inflation fighting, the Administration's policymakers welcomed the confrontation. They feel that a tighter economy will force lower wage settlements. President Nixon says that he wants everybody to show "backbone" in resisting inflationary wage and price increases rather than relying on White House "jawbone." General Electric, the fourth largest manufacturer in the country, is notorious among union men for its stiff take-it-or-leave-it negotiating tactics. Thus, G.E. seemed an ideal battlefield on which to Jet management and labor fight to a settlement while the Administration watched from the sidelines...
Olympian Unconcern. Union economists argue that the worker has been hardest hit by inflation and is the one who will get squeezed the most in a tighter economy. A.F.L.-C.l.O. President George Meany said last week that labor would not buy Nixon's call for wage moderation. He promised labor will continue to press for more and more, as prices continue to rise. In major contracts negotiated through September, the median increase in wages and fringes has jumped to 8.1% as against 6.6% for last year; in the construction trades, it is 12.5%. These are the kinds of increases...
Shultz's conviction that imposed agreements are often fragile and brittle closely parallels President Nixon's thinking. The Labor Secretary has a talent for translating the President's theory into policy, and that has made him one of the most powerful men in Washington. As TIME Washington Correspondent Marvin Zim reports: "If politicians gave a rookie-of-the-year award, the prize for 1969 would go to Shultz. After coming to Washington without any political experience, he has clearly become a top Cabinet officer, an adviser whose counsel is sought and whose judgment bears extra distinction simply...