Word: wages
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Dates: during 1970-1979
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BRITAIN, widely considered "the sick man of Europe," is in woeful condition. Inflation is running at a rate of 20%, fueled mainly by the massive wage settlements demanded by Britain's militant trade unions, which averaged 26% in 1974 and could go to 30% this year. Caught between ballooning inflation and government price controls, industry is being forced to slow production. The jobless rate, now 3.2%-high for Britain -is likely to go on climbing for the rest of the year. Moreover, the nation's current account last year was in a deep $9.2 billion deficit...
...year, some economists believe that zero growth is more likely. The jobless rate, at present 6.8%, is expected to climb to between 8% and 10%. Inflation, which has just edged down to 9.6% after two years of ranging above 10%, is expected to subside only gradually. Reason: hefty wage settlements being won by unions...
...more to say about the Awards than there is to say about a political convention--everybody votes their own interest. Peter Davis talks about Vietnam, Sinatra talks about Italians, the Academy itself lobbies against politics and that is as important a war for their own industry as they can wage. Movies are a business, and although it was not always so, the Academy Awards are their biggest ad. When I was out at the Oscars a year ago, Jack Haley, who was producing the awards show made it clear: "Look it, we have two hours of television time for which...
...widow caring for a child but not to a widower is unconstitutional. Taking a tough stand against sex discrimination, the court said that the Constitution would not tolerate the assumption "that male workers' earnings are vital to the support of their families, while the earnings of female wage earners do not significantly contribute to their families' support...
...potential obstacle to further decreases is a bill before Congress that would raise price supports for farmers. Albert Rees, director of the Council on Wage and Price Stability, warned last week that approval of the bill would lead to another surge in food prices: "The consumer is just beginning to get some relief from high food prices, and I don't believe he will take very kindly to this legislation...