Word: waging
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Dates: during 2000-2009
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SCANDINAVIA. Lundgren observed that four of the Nordic countries are each going through very different experiences. Sweden, for example, is struggling with wage and price increases that are 2% to 4% higher than those of its major competitors. This year wages may rise by close to 8%. Growth is expected to slow from 2.5% to 1% in 1986. In Denmark, by contrast, inflation and wage in creases are coming down to the rate of its partners in the European Community after years of rapid government spending. Denmark's major problem is a widening trade deficit, which is increasing the country...
...Nils Lundgren, vice president of Stockholm's Pkbanken, believes that West European countries are slowly creating conditions for steady, solid growth. Said Lundgren: "We are more inflation-proof now during the business upswings." Imports are cheaper, wage increases are modest, and governments are reducing budget deficits. At the same time, Lundgren found that Europeans, on the political left as well as the right, have learned to accept the need for free-market solutions, even if it means shutting down loss-making steel mills and shipyards. Jean-Marie Chevalier, professor-of economics at the University of Paris Nord, also noted...
...mission seemed manageable when Icahn first gained control of the ailing airline. As part of his takeover deal, the new chairman received $250 million worth of wage and work-rule concessions from TWA employees, including the unionized pilots and machinists. Because of its high labor costs, TWA has been hard pressed to compete with such no-frills carriers as People Express and Continental Airlines...
Icahn insists that the flight attendants must make $100 million in concessions if TWA is to become competitive. His demands: 17% wage cuts and a two-hour increase in the workweek, which now consists of some 20 in-flight hours. TWA flight attendants currently make an average of $35,000 a year, or 40% more than the industry norm. The union will accept 15% wage reductions but refuses to work as many hours as TWA is requesting...
...principal drawback of the fourth option, which is to keep the contra campaign going long enough to bring about a diplomatic solution. Like their mentor in Moscow, Soviet-style regimes are generically determined at least to neutralize, better yet to destabilize, and ideally to communize other states. They wage war abroad, either outright or by more covert means, for the same reason that they oppress internal opposition: because it is opposition, and because they are totalitarian. Genuine live-and-let-live peaceful coexistence is as alien to a Marxist-Leninist foreign policy as power sharing is to Marxism-Leninism...