Word: settlement
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Dates: during 1970-1979
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...Edward J. Logue to persuade him to head the New York State Urban Development Corp. He had given $50,000 to Henry Kissinger to enable him to go to work as President Nixon's foreign policy adviser. Rocky explained that Kissinger had just made a costly divorce settlement when Nixon offered him the White House post. Kissinger was reluctant to take it, partly for financial reasons. But Rocky overcame his objections by giving him the money to set up a trust fund for his two children...
Last week, in the middle of the most important contract talks of the year, the 120,000-member United Mine Workers went out on strike and quickly won one of the fattest settlements in labor history, a 50% raise in wages and benefits over three years. In the light of labor's understandable frustration with both inflation and recession, the increase could well set a new high goal for other unions to shoot for, with grave consequences for the economy and the nation. Last year most unions were accepting wage-and-benefit increases of little more than...
...negotiators for the U.M.W. and the Bituminous Coal Operators Association led by General Counsel Guy Farmer came close to reaching tentative agreement early last week. But at week's end they still had not been able to wrap up a pact, and though some hope of a quick settlement remained, no time was left to stop the strike. Any new contract must be ratified by miners around the nation, a process that will take ten days or so. Miller last week firmly closed the door on any possibility that the miners would remain in the pits while the vote...
...miners feel that their demands are justified because the profits of some coal companies have tripled or even quadrupled so far this year. But a settlement of the size that the U.M.W. wants would probably lift the price of coal above its present record $15 a ton on long-term contracts and put more upward pressure on utility bills, steel prices and the cost of chemicals. Miller, in his first big bargaining test as U.M.W. president, has no margin for moderation. He runs the risk that his fractious rank and file members will thumb down any agreement he signs...
...cities in America that came out almost exactly as it was planned." It was founded in 1972 as an industrial community, a site for the factories of the Society for Useful Manufacturers (SUM), one of Alexander Hamilton's corporate schemes to industrialize the newly united colonies. The settlement quickly became a colony of the industrialists who ran SUM--men like Samuel Colt, who produced his first revolvers in Paterson. It was not until 1831 that the town was able to establish its own government...