Word: settlement
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Dates: during 1970-1979
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...notions about how the world works. "I tended to think of history run by impersonal forces," he mused. "But when you see it in practice you see the differences that the personalities make. The overtures to China would not have worked without Chou Enlai. There would have been no settlement in the Middle East without Sadat and Golda Meir and Dayan...
...interest. "A fire is reported," says Reuven Frank, "but not the houses that didn't burn." Should network producers like Frank decide that they must use news time for programs, on unburnt houses, they will be apt to avoid tough subjects entirely. The eventual settlement of the NBC case is certain to have enormous impact on the future of TV and radio reporting...
Politically, Heath cannot afford to look as if he is caving in after putting his country through the trauma of the three-day work week. But such a settlement could provide a face-saving way out. By and large, Britons agree that the miners are overworked and underpaid on a base pay of $57 a week. Because wages are not high enough to keep an adequate work force, the miners must work overtime to keep the country from collapse. There has been no strike, no walkout. "I am dead against breaching Stage III, but at the same time...
...last minute, after a lengthy meeting with his Cabinet, Heath postponed that drastic step. Instead, he decided to meet once more with the powerful Trades Union Congress to resolve the dispute. The T.U.C., which represents 10 million British workers, has promised that if Heath would make a settlement with the 247,000 miners for a wage rise above the government's anti-inflationary Stage III guidelines, other unions would refrain from citing it as a precedent for their demands. Heath considers such a commitment necessary to hold the line on Britain's 10% inflation rate...
...Politicians, economists and businessmen warned last week that time is running out for Britain's beleaguered economy. As the country wound up its third three-day work week, the costs in lost production soared to nearly $1 billion. Critics were quick to point out that the annual wage settlement sought by the miners totaled only $200 million. On the international money markets, the pound fell to $2.16, its lowest value ever against the American dollar. Nearly a million Britons had lined up for the dole. Said Lord Stokes, chairman of British Leyland: "I suggest with respect that Heath doesn...