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Lane Kirkland, who is expected soon to take over from George Meany as president of the AFL-CIO, launched a sharp attack on the old 7% pay ceiling, calling a single guideline figure "a mad infatuation with a figure that bears within it the seeds of its own destruction." Kirkland wants to replace the old standard with case-by-case wage settlements. The top business representative on the board. National Association of Manufacturers President R. Heath Larry, argued equally adamantly against moving toward any à la carte pay guide. At another point in the meeting, Kirkland and R. Robert Russell...
...commission, which will be funded by the Office of Management and Budget, also includes Lane Kirkland, executive vice president of the AFL-CIO, television journalist Bill Moyers, former Pennsylvania Gov. William Scranton and Phillip Handler, president of the National Academy of Sciences...
...Chairman Volcker remains a man on the spot. Lane Kirkland, George Meany's apparent successor as president of the AFL-CIO, has already condemned the Fed's big rate boost as the "wrong move at the wrong time." Economist John Kenneth Galbraith labeled the Federal Reserve's program "an incredibly dubious policy" that will cause a steeper decline but help very little in slowing inflation...
...Diego, Carter drew a standing ovation from the AFL-CIO Building and Construction Trades unions with a view that seemed totally at odds with the Government's new credit-tightening policies. Despite predictions of a slump in home-building Carter declared: "In fighting inflation, we do not sacrifice construction jobs." Carter forecast that his windfall profits tax on crude oil will finance energy programs that will amount to "one of the biggest construction projects in world history-on a scale comparable to building our interstate highway system." Despite such rhetoric, his flat delivery was received mostly with polite applause...
McBride said unions were neither against capitalism nor technological innovation in industry. He added that he does not share the socialist views of some of his colleagues on the AFL-CIO Executive Council...