Word: settlements
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Dates: during 1960-1969
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...adopting this uppercut-with-olive-branch stance at his press conference, Lyndon Johnson once again sought to underscore his hope of ending the Viet Nam war with a one-two punch-military success leading to a settlement from a position of strength...
...economy. A strike would lay off 450,000 men and idle the nation's most important basic industry-but probably not for long, since President Johnson would almost certainly ask for an in junction under the Taft-Hartley law to keep the mills rolling. Even with a settlement, however, production is sure to tumble sharply as steel customers work off the record 14 million-ton stockpile that they have accumulated as a hedge against a strike...
...them seriously. Lyndon Johnson put the squeeze on the negotiators, reminded them that both sides would suffer black eyes if a strike were called while "our boys are still fighting in South Viet Nam." He telephoned Abel and Cooper separately, told each that he wanted "a decent and responsible settlement." Said Abel: "We too have a responsibility-to our membership." At week's end, the President named Oregon's Senator Wayne Morse and Under Secretary of Commerce LeRoy Collins as special mediators to seek a last-minute settlement...
High Price for Both. Industry observers were betting that Abel would be unable to match the 4.1% increase he negotiated last May for the U.S.W.'s aluminum workers, figured that the final settlement would probably give the steelworkers an increase of roughly 15? an hour, or 3.4%, slightly higher than the President's 3.2% guideline for noninflationary wage and price increases. Almost certainly, it would also mean a round of rises in the price of steel...
...nonexistent salad oil of Commodities Speculator Anthony De Angelis, who is now appealing his recent 20-year jail sentence. Although American Express is not legally responsible for some $100 million in claims on its subsidiary, it has offered creditors $60 million in addition to a $20 million insurance settlement. Reason: depending heavily on public confidence in its traveler's checks and credit cards, the company cannot afford to give the impression that it is shirking its financial obligations...