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Word: railed (lookup in dictionary) (lookup stats)
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...continuing. With an assist from the Nixon Administration, a steel strike was averted at the last moment, but inevitably at an inflationary cost. Within 24 hours after the wage settlement was announced, most of the big steel producers posted a price hike. After 18 disruptive days, the nationwide rail strike was brought to an end. Though many featherbedding work rules were finally eliminated, the United Transportation Union extracted a 42% pay increase spread out over 42 months...

Author: /time Magazine | Title: The Nation: The Economic Blues | 8/16/1971 | See Source »

...rail strike is a case in point. Though already granted a 42% wage hike, the United Transportation Union was resisting changes in costly and long-obsolete work rules, fearing they would lead to a restricting of both income and jobs. Nixon did summon leaders of both sides to express his concern, and Mc-Cracken explained that if the walkout continues through August it would reduce the anticipated gross national product by $50 billion-three times the cost of the General Motors strike. Although the usual emergency legislation to stop a rail strike was prepared, by week's end Nixon...

Author: /time Magazine | Title: The Nation: Shooting at the Bluebirds of Happiness | 8/9/1971 | See Source »

Even if a long rail strike is averted, the overall wage problem remains. Many labor leaders now feel that the absence of any presidential pressure makes it difficult for them to hold down unreasonable demands from the rank and file. The growing fear is that in the absence of an even relatively mild "incomes policy" (for example, nonmandatory wage and price guidelines and at least strong verbal attacks by the President against excessive increases), there will be pressure for harsher measures. These might include a temporary wage freeze or even outright controls...

Author: /time Magazine | Title: The Nation: Shooting at the Bluebirds of Happiness | 8/9/1971 | See Source »

During his administration, he increased the budget from $1,000,000 to more than $65.2 million, and began a road and rail system. But these achievements came at the price of doing away with a free press, stifling all official opposition and maintaining a docile, corrupt civil service. Under his rule, Liberia's economy remained largely the preserve of the Firestone Co. As events following his death showed, the country is firmly adhering to the rule of law-at least for the moment. Under the U.S.-style constitution, the leadership was peaceably handed over to Vice President William...

Author: /time Magazine | Title: LIBERIA: A Patriarch Yields the Reins | 8/2/1971 | See Source »

...great respecters of form, and will quickly wreck anything weak or soft or redundant. The worst thing that could happen to Mark di Suvero's optimistic and rigorous sculpture might well be engulfment by museums. It is not meant to occupy a sacred exhibition space, fenced by a rail-real or psychic. It belongs in the parks and streets, in a world of wear and tear and, above all, use -the way a Mack truck belongs on the highway...

Author: /time Magazine | Title: Art: Truth Amid Steel Elephants | 8/2/1971 | See Source »

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