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WHILE President Nixon's New Economic Policy aims to bolster the U.S. trade balance, much of the nation's commerce with the world remains in the Limbo Phase, stalled by a devastating dock strike. First the West Coast was shuttered by a walkout in July; it ended at least temporarily when Nixon invoked the Taft-Hartley Act's 80-day cooling-off period Oct. 6, but many ports are still clogged with backed-up vessels. Then, in October, some East and Gulf Coast dock workers walked out. Last week that stoppage spread to all but seven fairly...

Author: /time Magazine | Title: Business: The Dock Strike Mess | 11/29/1971 | See Source »

...what would happen. At least for the moment, all that happened was angry noise from Meany & Co. The labor members did not walk off the Pay Board, as they had made many implied threats to do. Union leaders correctly feel that they are in a political trap: a walkout, or strikes against Pay Board decisions, might set them up as the villains if Phase II fails to bring inflation under control...

Author: /time Magazine | Title: The Economy: From Freeze to Controlled Thaw | 11/22/1971 | See Source »

George Meany further demands that all raises called for in existing contracts be paid in full-retroactively, if they happened to come due during the freeze. Failure to satisfy the unionists could lead to a walkout of the labor members from the Pay Board and a new wave of strikes. Businessmen and Government officials fear that that would do more than almost anything else imaginable to wreck the anti-inflation program and damage an economy that is not yet showing much vigor (see following story...

Author: /time Magazine | Title: The Economy: A Chance for a Phase II Deal with Labor | 11/8/1971 | See Source »

Pure Hooliganism. The strike that most angered the Labor Party government, however, was a walkout last month by 800 workers at Lod airport. The walkout shut Israel's only international airport, diverted jets to Cyprus and Greece, stranded 1,000 passengers and brought a charge of "pure hooliganism" from Mrs. Meir. Since Lod, leaders of the government, the opposition and labor unions have been meeting to work out tighter laws covering wildcat strikes and walkouts by public employees. Last week, however, their discussions were still stalemated...

Author: /time Magazine | Title: ISRAEL: A Homemade Rebellion | 10/25/1971 | See Source »

Longshoremen also struck East and Gulf Coast ports two weeks ago, but the walkout in the West had already gone on much longer with more serious consequences. The 15,000 striking I.L.W.U. members had idled 249 ships at a cost of about $2 billion. Feed grains, furniture, machinery and even Christmas trees destined for Viet Nam had piled up near the docks; ships carrying bicycles and Scotch were anchored in the ports. Major importers estimated that the work stoppage had reduced their annual volume of sales by 15%, and West Coast politicians had bombarded Nixon with demands that he intervene...

Author: /time Magazine | Title: LABOR: Decision on the Docks | 10/18/1971 | See Source »

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