Word: settlement
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Dates: during 1970-1979
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Under the terms of the settlement, Israel agreed to pull back forces that have been in the Sinai for seven years. At the same time, Egypt, whose army moved across the canal during the October war, agreed to thin out its forces...
...settlement pledged the belligerents to a "scrupulous" observance of disengagement, defined the broad perimeters of troop reduction and its timing, and emphasized that disengagement around the Suez Canal was only the first step toward a "final, just and durable peace." According to reports in Jerusalem, it allows the Egyptians to keep a token force of eight battalions, or 7,000 men and only 30 tanks, in the desert...
Basically, Britain's present state is not so much an energy crisis as a breakdown in industrial relations. The 270,000 coal miners have refused to work overtime until they get a settlement giving them basic increases of $18 to $22 on weekly wages ranging from $57 to $83; the Heath government has offered an increase of $5 to $6 a week. Anything more, said Heath, would exceed the 11% limit of his Phase III counter-inflation plan, plus cause other unions to demand similar boosts...
Breaking Point. The powerful Trades Union Congress last week offered to make assurances that if a "special case" settlement were worked out with the miners, other unions would not use it to hike their own demands. Reversing a previous rejection, Heath met with the union leaders for two hours. "Our proposal was received with interest," reported the T.U.C.'s Sir Sidney Greene. But aides said that Heath was doubtful the unions could be kept in line, making such an agreement unlikely...
...addition, W.R. Grace & Co. is expected to get $35 million of the $65 million that it says its soon-to-be-nationalized paper and chemical plants are worth. Six companies that own fish-meal plants, among them Heinz and General Mills, are likely to divide a $24 million settlement on their total claim of $35 to $40 million. In all, Peru reportedly will pay U.S. companies some $130 million on claims of twice that amount, which amounts to a fat settlement by the usual standards of nationalization...