Word: pact
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Dates: during 1970-1979
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...unavoidable geopolitical fact of life for Western Europe over the past quarter-century has been the threat from the East. The Soviet Union and its satellite states have assembled one of the most powerful military juggernauts in world history, and never before has the Soviet-led Warsaw Pact loomed so menacingly as it does today. While the Soviets have been eroding the West's lead in weapons technology, in recent years the pact has enormously increased its offensive firepower by deploying the lethal SS-20 mobile missile and the Backfire bomber-intermediate-range nuclear weapons systems capable of devastating...
After four months of hearings, the Senate Foreign Relations Committee approved the SALT II treaty last week by a 9-to-6 vote. But that was the only good news for the pact's supporters...
...news was that the split on the committee was actually 8 to 7. The nine-vote formal majority included a waverer, Nebraska Democrat Edward Zorinsky, who voted for the treaty in committee as a courtesy to party leaders, but said he would oppose the pact in its present form on the Senate floor. Arizona's Barry Goldwater, who is not on the committee but is influential among Senate Republicans, also dealt the pact a heavy blow. He has decided to oppose the treaty because he doubts that the U.S. could adequately verify Soviet compliance with...
Thus with floor debate unlikely to begin until after Thanksgiving, the outlook for the pact is more clouded than ever...
...boardroom was part of a trade in which the U.A.W. chiefs let Chrysler off with an easier three-year wage pact than those recently signed with General Motors and Ford. The company will save about $200 million by deferring payments into its pension plan next year and a further $203 million over the next two years by delaying some wage raises and benefit improvements. By the end of the three years, however, Chrysler workers will be earning the same as GM and Ford employees, and the industry's hourly labor costs-wages, fringe benefits and pensions-will have jumped...