Word: wages
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Dates: during 1980-1989
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...brass knuckles were passed to George Shultz and Caspar Weinberger. There is a Washington adage: where you stand is where you sit. As the nation's chief diplomat, Shultz naturally pressed for better relations with the U.S.S.R., while Weinberger, who was responsible for the military establishment, preferred to wage the cold war and to prepare, if necessary, for World War III. But the hostility between them ran deeper than the competing interests of their departments. Weinberger apparently resented having been a subordinate to Shultz earlier...
...concentration-camp universe from which few returned. Military tactics that demanded objectivity were decided for personal reasons. Friends who came upon the Fuhrer secretly reading with the aid of spectacles were told, "You see, I need glasses. I am getting old, and that is why I prefer to wage war at 50 rather than...
...sees no easy way out, Bush often just splits the difference, an inclination that frequently angers conservatives. Bush has repeatedly opted for this route as President. He decided to build both the MX and mobile ! Midgetman missiles, when either might suffice. He backed a boost in the minimum wage to $4.25 an hour, 30 cents less than Democrats and labor unions wanted. Bush supported a wage increase during the 1988 campaign, but after his Inauguration, White House economic advisers opposed it as inflationary. "He had to deliver on a promise," said a top official. "The easiest thing he could...
Victims of the collapse included Ronald Yoder, 37, who lost his job as a crane operator when Fruehauf shuttered its Fort Wayne, Ind., trailer plant in 1987. Yoder, who is married with a 17-month-old son, now earns about a third less than the $11.47 hourly wage he was paid at Fruehauf and receives no health insurance from his present employer. Says he: "Sure, I got another job, but I can't save a dime. We wanted to have another baby, but we can't afford it. I didn't know what an LBO was until a couple...
...benches and lay claim to the popular mandate the trade union won in the June 4 legislative elections, when it captured all 161 seats open to it in the Sejm and 99 out of the 100 Senate seats. The economic experiment also ! faces challenges. Last week, as a monthlong wage-and-price freeze was lifted, prices doubled and even trebled...