Word: digital
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Dates: during 1970-1979
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Amid all the alarm over multiplying profits and double-digit inflation, the White House is facing what could be a make-or-break challenge to its Stage II efforts to restrain union pay demands. The crunch will come in its attempt to hold the critical Teamsters contract settlement within the Administration's "voluntary" guideline limits of 7% a year in wage and benefit increases. On the 13th floor of a hotel overlooking Arlington National Cemetery, union and management negotiators have been bargaining in earnest for more than a week to shape a new master freight agreement for the Teamsters...
...transferring a call to another extension, automatically placing a call at a set time, notifying the user when a previously dialed busy line becomes free, intercepting calls going to another extension, programming the phone so that frequently called numbers can be stored and then activated by using a three-digit number, and automatically redialing a previous call to the outside...
...without bringing on a recession are showing mixed results. January housing starts fell 20% from the previous month to 1 6 million units, in part because of bitter winter weather in much of the country. On the other hand, major retailers such as J.C. Penney and Sears reported double-digit sales gains in January, and auto sales in the first ten days of February were 15% higher than a year ago. The consumer buying spree, the inflationary rises in the price of energy, the gloomy prospects of higher import costs and pressure on the balance of payments−all these...
Meanwhile, Chancellor of the Exchequer Denis Healey had grim warnings for Britons about a new inflationary spiral. If wage increases sought by public service employees and other striking workers average 15%, the country could expect double-digit inflation by summer, reaching 13% by year's end (current rate: 9%). The wage hikes could add $6 billion to the cost of public services in Britain, which the Labor government might have to offset by raising taxes and cutting government expenditures by $3 billion. If so, the number of unemployed in the country could rise from about 1.5 million...
...Congress in an effort to arrive at a new social contract between the Labor government and organized labor. The stakes are high. Chancellor of the Exchequer Denis Healey warned last week that if the 15%-and-higher settlements sought by the unions are enacted, inflation will soar to double-digit rates. Moreover, unless taxes were raised to cover the higher wages, 100,000 local government workers, union members all, would have to be laid off. The Prime Minister could provoke a rebellion in his own Cabinet if he tries to balance the inflationary impact of high union settlements by slashing...