Word: wages
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Dates: during 1980-1989
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...billion in loans over the next three years. Banking sources said that the request might be approved within six weeks, which would in turn give the commercial banks enough confidence to reschedule Mexico's debts. But the IMF is likely to demand some painful belt-tightening measures, including wage freezes, import restrictions and reduced government subsidies, which could dangerously aggravate social tensions in Mexico...
...public confidence waned, Mexicans began converting their national currency into dollars at a rate of up to 25 billion pesos a day. Increased capital flight prompted last February's 40% devaluation. But the government immediately undermined the measure with sharp wage hikes that fueled inflation and led to a new run on the peso. López Portillo, who had earlier vowed "to fight like a dog to defend the peso," was thus obliged to decree a second devaluation on Aug. 6. To complicate matters further, the government froze all foreign-currency bank accounts in Mexico, then announced last...
...electric typewriters. It also moved slowly into the manufacture of computer components. The company was involved in early work on nuclear power plants, but these projects turned into huge money losers. Finally, the firm lagged in moving its manufacturing operations out of expensive West German factories and into low-wage countries of the Far East...
...horror stories are legion. A spiffy new car has to be brought back to the repair shop time after time to have the same problem fixed. In the past, consumers stuck with such lemons could do little but wage an expensive legal fight with the manufacturer. In Connecticut, however, all that will change on Oct. 1, when the state's new "lemon law" takes effect...
...latest Iowa Beef clash grows out of a disagreement over a new union contract for the Dakota City headquarters plant, one of eleven slaughterhouses that the company operates in seven states. Union members turned down a four-year agreement that required a wage freeze with no cost of living adjustments and the introduction of a a two-tiered pay scale that would pay new slaughterers $2 less than the current hourly starting wage of $9.27. The company also demanded a contract clause that would allow it to reduce wages in the Dakota City plant if any other local...