Word: settlement
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Dates: during 1970-1979
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...federal government's role in the action has also thickened with the plot. Despite Secretary of Labor Peter J. Brennan's threat at the strike's onset that President Ford would invoke the Taft-Hartley Act to order the miners back to work if they rejected a tentative settlement, despite the continual release of memos from Secretary of the Interior Rogers C.B. Morton decrying the growing number of lay-offs resulting from the "miners' strike"--indicating, apparently, that no one has lost his job due to the coal operators' recalcitrance--the initial response from Washington officials...
...mine settlement is certain to lift the price of coal-as well as steel, electricity and myriad consumer products-adding further to oppressive living costs, which are now rising at an annual rate of close to 12%. The pact must still be ratified by the entire membership, a new union procedure that will take between eight and ten days and guarantees that the strike will paralyze the mines for at least three weeks. U.M.W. President Arnold Miller has repeatedly stated that his men will not return to the pits before the voting is completed...
...settlement will cost the companies an estimated $1.25 billion. Only about a third of the package will be in pay increases, which will go up 9% in the first year and 3% in each of the next two years. That will jack up the top pay scale for miners from $50 a day to almost $58 over the life of the contract...
...Stocks. The big settlement comes at a time when the Ford Administration is struggling with raging inflation, rising unemployment and a steadily declining economy. Even a three-week strike will hurt. Coal-hauling railroads-including the Penn Central, Norfolk & Western and Chesapeake & Ohio-have laid off more than 2,500 workers. Thousands more have been let go by U.S. Steel and Republic Steel, which need coal to produce. Most electric utilities, which burn about two-thirds of the nation's coal, have adequate stockpiles for a relatively short strike. But the Government-owned Tennessee Valley Authority...
...negotiating with Hussein before Arafat was endorsed as spokesman for the Palestinians at the Rabat summit. Certainly Hussein feels that way now. "I think Israel was terribly slow in terms of moving toward peace," he said recently. As for Secretary of State Henry Kissinger, whose plan for a gradual settlement is in clear danger, he believes that two things are needed now: a "cooling off" period for the Arabs to contemplate what the Secretary regards as their blunder in endorsing Arafat; and a period of "quiet diplomacy" for Kissinger and his aides to convince the Arabs that they should keep...