Word: wages
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Dates: during 1970-1979
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...alienating important Democratic constituencies?labor, blacks, liberals generally. But the Administration's economic team put the program together adroitly, with a sense of drama that won cheers from the world business community and provoked the most volcanic response on financial markets since Richard Nixon's surprise announcement of a wage-price freeze in 1971. The essence of the program: massive intervention on exchange markets to prop up the dollar and a switch to a really tough anti-inflation policy...
King proved an aggressive campaigner who excited his friends and infuriated his enemies. Promising to stop state funding of abortion, re-institute capital punishment, and wage an all-out war against crime (three issues about which the governor can actually do very little), King called for a return to the good old days...
...meetings, more study, a long, drawn-out process that guarantees nothing to the worker. When the union membership refused to ratify the contract without a compromise on benefits and openly expressed a lack of faith in University promises, Edward W. Powers, Harvard's chief labor negotiator, threatened to withdraw wage concessions. And the union fell into line. Powers also repeatedly accused the union's chief shop steward of "bad faith negotiating" because he revealed his dissatisfaction with the contract. Relations between the two deteriorated so severely during the negotiations that Powers barely troubled to hide his contempt. In the aftermath...
...call, early in his presidency, to add billions to spending and to rebate $50 to every American taxpayer? Carter attempted to meet the demands of every constituency of the old Democratic coalition, and practically everybody else as well. He gave in to-or actively encouraged -increases in the minimum wage, Social Security benefits, veterans' benefits, farm subsidies, civil service pensions, grants to states and a plethora of other payouts. He acceded to tariff increases or stricter import limits on sugar and steel, TV sets, CB radios and other products, thus sheltering domestic producers from competition and enabling them...
...priorities. In recent weeks, strikes by workers angered over the country's inflation rate (currently 50%) have paralyzed the nationalized oil refineries, postal service, airline, and copper and steel industries. The nation's balance of payments deficit exceeds $5.5 billion. To pay for an across-the-board wage increase for at least 1 million workers, and for subsidized housing and other social projects, the Shah has canceled $7 billion worth of American and European military orders, including the controversial U.S. AWAC airborne warning system. He is also scrapping plans to build 20 nuclear plants, a modern railroad and a subway...