Word: wages
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Dates: during 1970-1979
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...record would certainly become a contentious campaign issue. As Treasury Secretary under President Nixon in 1971-72, Connally's quick intelligence and grasp of economic affairs impressed the experts. He designed the strict wage and price controls that temporarily slowed inflation but in the long run were ineffective, partly because Government directives shifted so often. Though America's European allies grudgingly admire his shrewdness in ramming through the first devaluation of the dollar in 37 years, in order to start reversing the long string of U.S. payments deficits, they almost unanimously consider Connally to be devious, arrogant...
Heroic Effort. Instead, the doctors could wage a heroic effort to save him. From the start, Chief Surgeon Joseph Wilder's special team-nine surgeons, three anesthetists and six nurses-realized that the abdominal wound was the worst; the removal of another bullet lodged in Rojas's temple could wait. Deftly cutting away, Surgeon Mulji Pauwaa removed the ruptured spleen. Then, after locating the bullet-which somehow had twisted around-he removed it, thereby restoring the leg's blood supply. Meanwhile, other members of the team sopped up the blood that had accumulated in the chest cavity...
...warned that labor contracts that raise costs without improving productivity are "fateful mortgages upon our economic future," and Woodcock has spoken portentously of "the final countdown" to bargaining. Yet even the sloganeering has lacked fire. For example, a U.A.W. convention early this year displayed a banner demanding REASONABLE WAGE INCREASES-hardly the battle cry of hot-eyed militants...
...tolerance. One of four unions bargaining with Westinghouse struck last week, but chances are strong that the Westinghouse workers will soon settle for a pact close to GE's. And economists note with relief that dozens of contracts reached so far in the construction industry average first year wage-and-benefit boosts of only...
...strength of the franc has helped the fight against inflation by making imports cheaper. Labor unions have also showed restraint in wage demands. The recession helped to hold prices down, also, by lowering demand...