Word: settlement
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Dates: during 1960-1969
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...Israel pull back to its pre-war borders. The U.S. contends that Israel must be allowed to keep border areas that make Israel more secure. The Soviets back the Arabs in their refusal to sign a joint peace pact with Israel. The U.S. agrees with Israel that a lasting settlement is possible only if all parties sign a single document. The Soviets, for their part, make much of Arab pride. Soviet Ambassador to the U.S. Anatoly Dobrynin reportedly said: "Remember, my government is dealing with the losers of the 1967 war, and this is much more difficult than dealing with...
...property. Under the 1962 Hickenlooper Amendment, the U.S. is obliged to halt foreign aid and preferential-trade deals with any country that expropriates American property without making adequate compensation. Under Hickenlooper, the cutoff must take place six months after the seizure unless "meaningful" negotiations are in progress toward a settlement...
...Nixon Administration would like to prevent a crisis by finding a way to avoid invoking the amendment. It has managed to extend the deadline for ending aid by five days. General Velasco could release the U.S. from its duty by agreeing to a negotiated settlement, but he can hardly back down under U.S. pressure without destroying his own reputation. It was largely because President Belaúnde had failed to crack down on IPC, and thus defy the U.S., that Velasco was able to whip up popular support for his military takeover. The support continues, as far as Velasco...
...greater power over the U.S. economy than their numbers would suggest. Three years ago, they struck five carriers for higher wages, and Lyndon Johnson entered the dispute. The President helped end the six-week-long transport tie-up by telling the nervous airline negotiators that he wanted a settlement regardless of the inflationary effects. The machinists finally agreed to a munificent increase averaging 5.7% a year for three years, thus pulverizing L.B.J.'s cherished 3.2% guideline for wage and price hikes. Afterward, wage boosts of 5% or so became standard throughout U.S. industry...
...raise spread over three years. First they hit American Airlines, one of the industry's strongest moneymakers. After ten months of negotiations and a 21-day strike, American capitulated last month and gave the mechanics a three-year contract with a 25.5% increase, or 8.5% a year. The settlement might not seem excessive when compared with the 7.5% median annual wage increase last year, but it was clearly inflationary...