Word: wage
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...Although I went to public school, and my friends tended to come from working-class families, and although I worked minimum-wage jobs when I was in high school, it would be complete fabrication to say that I didn't grow up with tremendous means and a huge house. So we were different in that sense-very different. I've had a lot of advantages along the way, that is certainly true, like anybody else in this country whose family is in that top one percent...
...principal drawback of the fourth option, which is to keep the contra campaign going long enough to bring about a diplomatic solution. Like their mentor in Moscow, Soviet-style regimes are generically determined at least to neutralize, better yet to destabilize, and ideally to communize other states. They wage war abroad, either outright or by more covert means, for the same reason that they oppress internal opposition: because it is opposition, and because they are totalitarian. Genuine live-and-let-live peaceful coexistence is as alien to a Marxist-Leninist foreign policy as power sharing is to Marxism-Leninism...
...unions. Now it appears that Eastern's workers may be maneuvering to foil the deal. Union representatives have been meeting with Jay Pritzker, a Chicago financier who controls Braniff Airlines and the Hyatt hotel chain. Pritzker is said to be considering a bid for Eastern in return for wage concessions from the workers. Texas Air controls 51% of Eastern stock, but Pritzker could conceivably make Lorenzo a lucrative offer that he could not refuse...
...lack of a formal labor contract at USX may be one reason why corporate buccaneers, sensing the potential for wage cuts and an eventual increase in corporate earnings, soon began to sniff around. Another attraction for raiders is a USX pension fund with an estimated $2.5 billion in excess assets. Last month the company's stock began moving into some well-known hands. Among the buyers: Robert Holmes à Court, an Australian investor; T. Boone Pickens, the Texas oilman-raider; Irwin Jacobs, the Minneapolis entrepreneur and speculator. Pickens reportedly cashed in his chips two weeks ago for a big profit...
Flying Tigers, an air-cargo carrier founded by World War II fighter pilots and ground crewmen in 1945, may be waging its last competitive battle. The world's largest cargo line (1985 revenues: $1.1 billion) may fold unless the labor unions that represent 2,790 of its 6,334 employees grant major wage and benefit concessions. Since 1983 the Los Angeles-based carrier has lost $95 million in price wars with competitors like Japan's Nippon Cargo Airlines...