Word: socialized
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Dates: during 1970-1979
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Union members argue, with some justice, that they have already suffered enough from Britain's war on inflation. In 1975 they agreed to a "social contract," under which wage demands were held down in exchange for increased government benefits. Over the past three years, their restraint helped reduce inflation from 24.2% to about 8% last year. But, with Britain's economy bubbling from an infusion of North Sea oil, the unions feel it is time to recoup the sacrifices of the past. They regard Callaghan's effort to impose a 5% ceiling on settlements as a challenge...
Callaghan will meet this week with leaders of the Trades Union Congress in an effort to arrive at a new social contract between the Labor government and organized labor. The stakes are high. Chancellor of the Exchequer Denis Healey warned last week that if the 15%-and-higher settlements sought by the unions are enacted, inflation will soar to double-digit rates. Moreover, unless taxes were raised to cover the higher wages, 100,000 local government workers, union members all, would have to be laid off. The Prime Minister could provoke a rebellion in his own Cabinet if he tries...
Added McWhirter: "That is essentially why any remaining opposition miscalculates not only the momentum of the movement, but its deep and broad-based commitment to making profound social changes that will make any return to the past impossible. Observed an ex-army officer imprisoned for 15 years under the Shah: 'The people are ready to starve themselves before they give in. They've already gone so far in self-sacrifice. They are determined...
...statement, but sources close to John Paul indicate that he is deeply concerned over Marxist infiltration among Latin American priests. From this first glimpse, it seems that John Paul will seek to fend off further Marxist inroads while blending the church's spiritual resources with firm commitment to social justice and human rights...
...Whatever social policy Pope John Paul will pursue during his reign, that eloquent and emotional passage makes it clear that the Pontiff, who described himself before beginning his Latin American journey as a "traveler of peace and hope," knows well the problems that his church faces in the troubled continent...