Word: three-day
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...Government has been holding down wages by statutory control, while prices have gotten out of hand. Poor people are beginning to suffer a decline in their standard of living, but taxation of the rich has not increased and has, in some cases, decreased. The totally unnecessary impostion of the three-day work week has hit manual and semi-skilled workers with unemployment, and has cut the pay of those who have retained jobs. Those earning monthly salaries have not been affected and, needless to say, though the industrialists grumble about bad trading prospects, they still live a very comfortable life...
Lost Yards. Last week Ford took a three-day swing through Kentucky, Illinois and Nebraska that looked remarkably like a campaign tour. He thumped the tub for campaign funds...
...went last week as Britain plunged into another national election campaign, its ninth-and perhaps most crucial-since World War II. By American standards, it will be brief (three weeks) and cheap (each candidate, including the party leaders, is limited to spending $2,358). It will also be the first to be waged in the midst of a nationwide coal strike and a three-day work week. Yet the crowds have been polite and the campaigning has proceeded with a minimum of fuss. Both men motored without fanfare to their constituencies (Heath to Sidcup, a London suburb; Wilson to Huyton...
Much of British industry had already been cut back to a three-day week to conserve fuel before Britain's coal miners began their nationwide strike, which could eventually bring the country to a shattering halt. Coal stocks at power stations (70% of Britain's electricity is generated by coal) are not expected to reach emergency levels for about two months. But the effects on British industry will be swift, and potentially ruinous. Said British Steel Chairman Monty Finniston: "For four to seven weeks you will get a trickle of steel, and then-curtains." The London stock market...
...cent wage increase. Before going on strike the miners pressed their demands by refusing to work overtime. That job action reduced production in the nationalized coal industry by nearly 40 per cent, throwing an already faltering economy even further out of whack. Heath's enactment of a three-day work week was more a reaction to the miners' slowdown than to anything else...