Word: toed
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Dates: during 1970-1979
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Chrysler will be eligible for the federal guarantee only if it raises $2 billion on its own from sources specified by the legislation. From domestic banks, financial institutions and other creditors, for example, Chrysler must find $400 million in new loans that would not be covered by the Government'...
On top of this, the key requirement imposed by Congress is the contribution from Chrysler's workers. Although its blue-collar employees have already agreed to forgo expected wage increases amounting to $203 million in the next three years, Congress insists that an extra $259.5 million be cut. This...
This wouldn't have happened if Mayor Daley were still alive." So Chicagoans console themselves when things go wrong, and last week, it is true, the late Richard J. Daley would scarcely have recognized his beloved city. A transit workers' strike stranded a million commuters and temporarily disrupted...
Byrne's biggest problem has been the transit strike. By taking a tough stand, she initially had public opinion on her side. The 11,000 transit workers are among the highest paid in the nation; experienced bus drivers make $10.58 an hour. Only a week before the walkout, a...
Part of the reason was that Mayor Byrne talked too much. She had threatened to bring in strikebreakers if the drivers walked out. She called in the parties to the dispute and announced a settlement before it was actually made. Says a former aide to Daley: "He never called people...