Word: strikingly
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Dates: during 1990-1999
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...Certainly the slowdown, caused in great part by the GM strike, should spare the Fed any worries about inflation or having to raise interest rates. But with the July effects of the just-settled strike counting toward next quarter, experts are predicting more of the same for July-September. Is it time to start crying recession? Baumohl doubts it. "So many other indicators, such as consumer spending and new equipment purchasing, are still strong. There isn't much out there that's alarming." If a recession does come, it will come unannounced...
...mandate to restructure its operation. A draw in the negotiations was a victory for the union." GM will likely put many of its factories on a round-the-clock schedule for the rest of the year to try and recover some of the $2.2 billion in lost profits the strike has cost it. Workers will get plenty of overtime and GM will be churning out cars once again. But after that rush subsides, the world's largest carmaker will face the same problems it had before: declining market share, bloated payrolls and a bitter, distrustful union that will fight changes...
FLINT: Now that the GM strike appears to be finally settled, who won? TIME reporter Joe Szczesny, who's been following the 54-day-long strike in Flint, says that the preliminary decision goes to the union. While details are still trickling out, UAW vice president Richard Shoemaker promised that the rank and file of the two local unions would get first look at the particulars...
...union got some jobs and a promise not to sell plants," says Szczesny. "GM will invest $180 million in the Flint Metal Center in exchange for an improvement in productivity there." In return, the union will settle the festering disputes at three other locations not on strike -- and Szczesny thinks GM may have won more than the union announced Tuesday. "There should be more back end for GM coming out soon" as details of the deal emerge over the next few days, he says. No matter how it did, the world's largest carmaker can't get back to making...
With Big Mac and Junior closing in on the 37-year-old home-run record, baseball has hit itself out of a jam. Just four years ago, baseball was on strike, without a commissioner, canceling a World Series and generally running a brilliant anti-p.r. campaign for a sport that already was too long and too slow. "They've got to address their own house," says Fay Vincent, baseball's last real commissioner, who was fired in 1992 by owners who wanted more control. "They've got to market the game, move it back into the inner city, bring...