Word: vetoes
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...cuts and layoffs, which might have triggered a bitter and costly strike, helped bring about the current deal when UAL's board decided to buy labor peace by accepting the employee bid. Under the buyout terms, employees will select three of the 12 UAL directors, who together will possess veto power over certain issues such as asset sales and acquisitions. In exchange, the employees will put up $4.9 billion in wage and benefit concessions over 51(R)2 years, ranging from 8.25% in givebacks for nonunion officeworkers and ticket agents to 14.7% for ground crews and 15.7% for pilots...
WASHINGTON -- The Administration has a problem. PRESIDENT CLINTON said he would veto any health-care bill without universal coverage. Now that he may have to flip-flop on the issue, he doesn't want to look as if he's flip- flopping. White House advisers say a buzz word has been coined to make delay seem O.K. Says an insider: "If we can construct a 'pathway' to get there by 2002, he'll accept...
...acid-tongued leftist Tony Benn, who intoned, "If the Prince of Wales is moving one brick, you cannot be surprised if the building tumbles." Then he threw in a threat: if Charles persists in his course, Benn will use his position as a member of the Privy Council to veto the prince's accession. Many politicians less flamboyant than he may start examining such tactical possibilities...
...fall to keep his presidency afloat, but he must redefine "universal coverage" to deliver reform. If he gives away too little on that issue, the legislation will falter; if he gives away too much, he may lose liberals who support his plan and get blamed for breaking his unusual veto promise as well...
...steps down in December after 10 historic years. The race is between Belgian Prime Minister Jean-Luc Dehaene, supported by France and Germany, and outgoing Dutch Prime Minister Ruud Lubbers, now cast as the British and "small-country" candidate. Both will be in Corfu, and each can, in principle, veto the other. Should make for an interesting meeting...