Word: slowdowns
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Teachers throughout the public school system also continued their 'work to rule' slowdown yesterday after a Thursday negotiation session failed to produce agreement between the Cambridge Teachers Association (CTA) and the city's school committee...
...pupils who left Cambridge's Rindge and Latin High School said students had been talking about walking out as a show of support since teachers began their slowdown earlier this week...
Moreover, Economist Eckstein warned that the current slowdown in petroleum prices is not going to last. This week the 13 members of the Organization of Petroleum Exporting Countries will meet in Algiers, and are likely to agree on yet another boost in the cost of crude. At present the average worldwide cost of oil is about $31 per bbl., but Eckstein projects that it will rise to $35 per bbl. by year's end and $42 per bbl. by the end of 1981. A rise of that magnitude, more than double the U.S.'s projected climb in consumer...
Detroit's sales slump leads the business slowdown...
Because of the shortage of reasonably priced mortgage money, the number of houses sold this year is expected to be about half last year's 5 million. The slowdown in sales is beginning to have an impact on the cost of shelter; the median price for houses has already declined from $66,000 last September to about $65,100, a major change after the regular annual gains of 14% and more during the past two years...