Word: settlements
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Dates: during 1960-1969
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...inflationary boost. Johnson's woodshed rationale was that its effect would somehow be neutralized by the airlines' hefty 1966 profits, which he preferred to call "productivity." The President explained on TV: "Unit labor costs in the air-transportation industry will continue to decline, thus assuring that this settlement will not contribute to any increase in the prices the public pays." This gloss did not cover the fact that the major airlines have won federal approval for six rate increases over the past decade, and in each case a major factor in getting the raise was rising operating expenses...
With good reason for jubilance, the union leadership enthusiastically endorsed the settlement. By rejecting management's offer, the I.A.M. membership invited compulsory arbitration as urged by the Senate before the President's intervention...
...Which was also threatened with a strike last week-in this case by the Transport Workers Union. The President headed it off by naming another emergency board to recommend a settlement...
...Carl, 30 days after her death, applied for a license to marry-but not, as it turned out, Good Neighbor Marge. On Oct. 7 Coppolino wed handsome Mary Gibson, 38, whom he had met at his bridge lessons, and who was rumored to have won a $250,000 divorce settlement. Carl vacated the house next to Marge's and moved into Mary's far more elegant villa, where he continued work on a new book, Welcome to the Coronary Club...
...strike that had kept Manhattan's World Journal Tribune from publishing for more than three months was only 1½ hours away from settlement. It looked like a long 90 minutes, courtesy of the Printing Pressmen, the only one of ten unions that had not come to terms with the newly merged corporation. Last week the World Journal Tribune was still insisting that the pressmen work an eight-hour shift on Saturday night, just as they do at the New York Times and the Daily News. The pressmen were still holding out for a 6½-hour shift. Both...