Word: restraints
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...down the House of Commons with gales of laughter. Apart from that touch of trans-Channel humor, Wilson was somber in talking about the task ahead. "Our future," he said, "will depend on what we are prepared to do by our own efforts, our skill, our technocracy-and our restraint...
...Although a recent Opinion Research Center poll disclosed that 70% of Britain's voters, including 63% of trade union members, want the government to take legal control of wage settlements, the Chancellor rejected the notion of a statutory wage policy. Hopes for an effective policy of voluntary wage restraint were raised, however, when the T.U.C.'s economic committee drew up a working paper that recommends keeping pay increases below 20% in order to stem inflation and unemployment...
Indirectly, the large pro-Market vote gives Wilson a popular mandate to take firm measures to tackle Britain's disastrous 25% inflation. Before the referendum, he was handicapped in dealing with the nation's economic problems-particularly with the politically sensitive issue of wage restraint-by the Labor Party divisions over the EEC. Even now Wilson cannot afford to purge the union-backed left, but the referendum has seriously undermined its claim to speak for "the people." (In South Yorkshire, the strongest Labor county in Britain and the scene of the most intensive union-backed antiMarket campaign...
Federal response to the labor troubles has been ineffective. "This country has done nothing to give anybody the impression that restraint was really necessary," says Carl Beigie, a member of TIME Canada's Board of Economists. Finance Minister John Turner has proposed a "consensus approach" of voluntary wage controls, but it has been turned down by the Canadian Labor Congress. Compulsory wage and price controls were rejected wholeheartedly in last summer's election by the victorious Liberal Party campaigners. In any event, the government has not set a good example: last month both houses of Parliament voted...
...Saigon an advanced city, civilized, strong and happy." That, last week, was the extravagant promise of Giai Phong (Liberation), the only newspaper permitted to publish in Saigon as the new Communist military administration continued to consolidate its rule. The new leaders were using an adroit combination of authoritarianism and restraint that-thus far-has marked the most velvety transition of power ever effected by a Communist government...