Word: settlement
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Dates: during 1960-1969
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Tougher Than Usual. The possibility of an inflationary steel settlement was only one cause for concern as the U.S. basked in its 54th straight month of prosperity. Even more disturbing was the anticipated spurt in defense spending to pay for the expanding war in Viet Nam. So far this year, President Johnson has demanded only $2.4 billion in supplementary funds to fight the war, but that figure is virtually certain to top $5 billion by the end of the current fiscal year; it could soar as high as $12 billion a year thereafter. In addition, congressional eagerness to expand Administration...
Planted in Concrete. Johnson's chief object was to prevent a strike, but that was by no means his only aim. Worried over new pressures on the economy (see following story), he wanted a settlement that was not only "fair and just" but also "noninflationary." According to the guidelines laid down by his Council of Economic Advisers, that meant a maximum 3.2% total increase in wages and fringe benefits for the steelworkers, and the President made it clear that he thought this would be fair shakes for both labor and management...
...John Connor hovering near Top Management Negotiator R. Conrad Cooper. When that tactic flagged, he sent Wirtz over to hound management and Connor to rile labor. After a breakfast meeting with congressional leaders, he sent them trotting out of the White House clutching conveniently typed statements calling for a settlement. Almost minute by minute he received progress reports from his aides...
Just to make sure Hanoi was still listening, Mansfield last week once again set forth his own view of the Administration's terms for a settlement-and once again, North Viet Nam warned that it would rather fight for 20 more years, if necessary...
Give In or Go. OAS diplomats called it a settlement. In reality, it was an imposed truce, coming after four months of agonizing negotiations that were often blocked by Caamaño, and more recently by Imbert. To soften up Imbert-and Caamaño-the U.S. and OAS applied stiff diplomatic pressures, then cut off the money they needed to pay their troops and civil servants. Other pressure came from Navy Commodore Francisco Rivera Caminero, leader of the armed forces, who warned Imbert to give in or be forced out. Even then, Imbert kept insisting that the proposed settlement...