Word: waged
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Dates: during 1970-1979
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What can the Administration do beyond tightening the guidelines? Kahn has ordered the Council on Wage and Price Stability to increase its monitoring of medium and small companies, which he considers the biggest violators of the price limits. The council would like to make an example of some of the offending firms. Admits one of the council officials: "We're really anxious to find somebody who's not complying." Carter and Kahn are trying to pressure Congress to approve the Administration's real wage insurance plan, under which union members who settle for a contract within...
Their fate may hang on the Teamsters' wage talks...
...argues that his courageous pursuit of peace has isolated him dangerously in the Middle East Egypt is threatened by radical regimes in Libya and elsewhere. From within, it faces the same kind of Islamic fundamentalist forces that helped topple the Shah of Iran. The solution, Sadat believes, is to wage a gigantic war on his nation s poverty, and the only way to do that is to secure huge amounts of Western...
...hopelessly demoralized and all but leaderless. Meanwhile, the Prime Minister has enough on his hands trying to bolster the economy, which Khomeini last week described as "bankrupt." Workers' councils have taken over a number of businesses, banks, and government offices; councils in the bureaucracies are demanding exorbitant wage increases and resisting Bazargan's plans to reduce overstaffing. Food shortages have created a thriving black market that is feeding an unofficial inflation rate of 200%. Many of these problems would be relieved by fresh oil revenues, and as of last week production was up to 2.5 million...
...White House is facing what could be a make-or-break challenge to its Stage II efforts to restrain union pay demands. The crunch will come in its attempt to hold the critical Teamsters contract settlement within the Administration's "voluntary" guideline limits of 7% a year in wage and benefit increases. On the 13th floor of a hotel overlooking Arlington National Cemetery, union and management negotiators have been bargaining in earnest for more than a week to shape a new master freight agreement for the Teamsters' 270,000 drivers and loaders. The two sides have until midnight...