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...Models. Volkswagen's comeback partly reflects a boom in auto sales in Germany, where registrations last year were only a hair short of the record 2.15 million of 1971. But to get back into the black, the company had to slash labor costs and wean itself away from the product that made it famous: the Beetle. As late as 1972, VW made 1.2 million Beetles worldwide, selling a third of them to the U.S. Since 1971, revaluation of the deutsche mark has lifted the Beetle's price to around $3,500, from about...
...there were no job riots, no encampments of the unemployed in Washington, few loud calls for radical economic and social change. As the election year of 1976 opens, the AFL-CIO is calling for a damn-the-consequences drive to slash the jobless rate as rapidly as possible. It urges the Government to expand the money supply at whatever rate may be necessary, adopt whatever tax-and-spending policies seem called for, and even start direct public-hiring programs (the union federation does not say for what kind of jobs) to get the jobless rate down to 3% and keep...
...that made it independent of the White House on the basic issue of the budget. Instead of reacting to the President's proposals, as before, Congress established its own goals for spending. A test of its budget-making skills looms later this year. But Congress is poised to slash $7.4 billion from the Administration's request of $97.9 billion for the Pentagon...
Post Executive Editor Benjamin C. Bradlee violently disagrees with Von Hoffman. "We're not talking about cruel management or an exploited working class," he retorts. "We're talking about a bunch of criminals who slash tires and smash presses and hit women over the head with two-by-fours. I have no lint left in my navel for that." Graham makes the same point more moderately: "We are not union busting. That means an unwillingness to bargain, which just isn't the case here. They [the pressmen] wouldn't negotiate. They busted themselves...
...unrealistic for the Group of 77 to expect the First World voluntarily to dismantle the existing economic order and slash the living standards of its citizens. It is even questionable whether most First World electorates would tolerate a major increase in foreign aid or whether trade unions would allow unrestricted competition for goods produced by cheap labor in developing lands. In one recent survey, Americans ranked economic aid and loans to the poor no higher than 20th on a list of 23 areas in which they would like to see their tax money spent...