Word: rubbering
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...walkout will affect the health and safety of the economy is another matter. The auto, rubber and electrical workers will be coming to the bargaining table later this year. If the Teamsters thumb down the guidelines, those unions-and others-may follow suit...
...with an elderly broker standing before him. The cutter examined a packet of raw stones with his loupe. He shook his head, wrapped the packet up and handed it back to the broker. The old man wearily placed it in his old leather pouch, held together with tape and rubber bands, and produced another packet. The two haggled for a moment in Yiddish and then the second packet was also rejected. That day there would be no sale between the broker, who carried the diamonds around on consignment, and the cutter. The visitor took his worn pouch, holding stones worth...
Indisputably, the U.S. has lagged in global economic competition. Many of the nation's steel, automobile, rubber and other plants and mines are outmoded and inefficient. The reason is that relative to the size of its economy, the U.S. since the mid-1960s has invested only three-quarters as much as the West Germans and one-half as much as the Japanese in expanding and modernizing its factories and machines. Just to keep them up to date and to sharpen U.S. competitiveness in world markets, the President's Council of Economic Advisers projected in 1975, the U.S. would...
...Teamsters are used to hefty settlements, and won more than 10% annually in their last contract. If they can somehow be persuaded to stay even close to this year's 7% guideline, the other pace-setting unions that will negotiate contracts later in 1978-the electrical, rubber and auto workers-may moderate their demands. But should the Teamsters gravely breach the guides, 3.3 million other union members whose contracts expire this year will probably feel free to go for broke. As one of the Administration's inflation fighters put it: "If we lose master freight, we can forget...
...sides together. The Administration is implicitly threatening the industry against caving in to union demands. The Interstate Commerce Commission has informally told the companies that they will not be allowed to pass through-as higher rates-any raises of more than 7%. Until now, the ICC has merely rubber-stamped the requests of trucking firms...