Word: shanker
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...walk out without some sort of ideology or a big fat lump in your throat. Bo Diddley was passe; Buddy Holly and the Big Bopper were, respectively, dead; Cream was strictly for Anglophiles; you were growing up--bye, bye Ms. American pie--you needed consciousness, man, Albert Shanker had taken over the nation's schools; now his half-brother Ravi was sitaring his way up the music charts. So when they dispatched 400,000 of us up to Yasgur's farm, we went. So what if we were only 12? Sly was going to be there, man. Hendrix...
...hospitals and other institutions. The officials even opened negotiations with trustees of the five city employee pension funds to use their $8.5 billion in assets as collateral for $4 billion in loans to the city. The plan was tentatively and reluctantly approved by some union leaders, among them Albert Shanker, the teachers' boss...
Carey summoned the three trustees and Big Mac officials to a meeting in the conference room of his mid-Manhattan offices. All Thursday night and into Friday afternoon, the trustees waited for a signal from Al Shanker...
...precious minutes against the deadline for default-3 p.m., when the banks would close and bondholders would have to be paid the interest due on their maturing New York bonds. In an unusual concession, some banks agreed to stay open at least an hour later. Meanwhile, Carey pleaded with Shanker. Separately, Beame pleaded with Shanker. Then, at midafternoon, a worn and weary Shanker stepped before TV cameras to say that he would indeed "advise" the teachers' trustees to advance the necessary money. In Washington, Ford reacted cynically by asking his aides: "What did Shanker get in return...
City officials and Shanker insisted that he had received only written assurances that Big Mac would never again seek to tap the teachers' retirement fund. Shanker claimed that he was acting only to save the city and in the face of official actions that "have been extremely destructive to our school system and to collective bargaining." He added: "The situation still stinks...