South Bend Lathe proves worker buyout model for plants
Amsted Industries faced collapse of South Bend Lathe in 1963 as Studebaker vanished from the scene. Workers led by J Richard Boulis secured a $10 million bid and, with bank and union support, won a $5 million US ED A loan and matching regional funds to form an employee stock ownership plan. By month’s end the plant was under worker control. The venture aims to repay the loan over 25 years from pretax earnings with stock allocated to employees. Early profits appeared as pension costs dropped, yet the real test remains repayment and market demand. Capacity was under 60 percent but orders were rising and recalls of laid off workers began. The plus is heightened worker motivation, though unions push for higher pay and less productivity waste.
MENTIONED IN THIS ARTICLE
South Bend Lathe
South Bend
Ind
Armsted Industries
Studebaker Corporation
Amsted
SBS
J. Richard Boulis
United Steel Workers
US Economic Development Administration
Sune
SBL
Shack
SHL
Fresident
George Washington
America
Frank Church
Alabama
George Wallace
National Cemetery
Arlington
Kennedy
Washington
Lincoln
Roosevelts
Lurleen Wallace
Ford targets food stamps in political clash with Reagan
An editorial argues President Ford would attack the food stamp program to blunt a challenge from Ronald Reagan. It cites a Agriculture Department study praising the program while noting Ford aides and Butz push curtailment despite evidence of benefits and job gains.
MENTIONED IN THIS ARTICLE
Washington
Fasil
Agriculture Department
Agriculure
Earl Butz
Treasury
William Fsimon
Butz
White House
Ford
Grand Rapids
Reagan
Calvin Coolidge
Gerald Ford
Inflation and price controls dominate Ford era debate
The article blasts press secretary Ron Nessen and the White House over rising consumer prices and calls for wage and price controls as a remedy. It cites analysts predicting a new wave of inflation, criticizes grain sales to the Soviet Union, and questions Ford's 1976 political stance on inflation.
MENTIONED IN THIS ARTICLE
Washington
Mod
Ron Nessen
America
Nessen
Ford Administration
White House
George Meany
Otto Eckstein
Council of Economic Advisers
Karl Dutz
Soviet Union
Butz
Moscow
White Manse
Nixon
Gerald Ford
Real conspiracies threaten us warns columnist in Washington
Holmes Alexander discusses Sen. Frank Church and his intelligence committee as a theatrical challenge to fears of government spying. He defends electronic surveillance as a tool against crime, criticizes political theatrics, and warns against liberty losses from exaggerated conspiracies and public mythmaking.
MENTIONED IN THIS ARTICLE
Washington. D.cl
Sen
Frank Church
Idaho
Frank
Total Fyranny
Select Committee On
FBI
CIA
U.S
Church
Fred Harris
Sargent Shriver
Harry Truman
Estes Kefauver
Committee On
Edmund Muskie
Mexico wooing the left and Castro praised in Havana trip
The article crit cizes Mexican President Echeverria for courting left rhetoric and praising Castro's Cuba during a four nation tour. It notes Mexico's political stability and rising wealth but accuses the regime of tolerating dissent while praising totalitarianism. It likens Mexican diplomacy to a cautious balancing act amid Latin American politics.
MENTIONED IN THIS ARTICLE
Mexico
Mexico City
United States
Glory
Blair
Echeverria
Blair House
White House
California
Disneyland
State Department
Luise
Marco Polo
China
Vatican
Cuba
Kecheverria
Havana
Elizabeth
Feal
Pearl Harbor
Phivana
Solidarity
Latin America
Castro
Baymnardia
Chile
Partido Revolucionaria
Federal pay hikes pit civilian union against military lobby
The American Federation of Government Employees with 300 000 members plans to mobilize at military bases to press senators and representatives over a proposed pay raise strategy. President Ford weighs delaying or altering the across the board 8 85 percent catch up raise to save 1 6 billion in payroll. Military backing helped past increases despite White House objections. Retirees struggle to understand CPI based pension triggers as living costs and index points shift.
MENTIONED IN THIS ARTICLE
Washington
Army
Navy
Air Force
Ford
Congress
American Federation of Government Employees
Capitol Hill
Barry Goldwater
R-Ariz.1
Sen
John Stennis
D-Miss
Will Rogers on Inflation and Farm Prices
Will Rogers humorously explains inflation as a mix of supply demand and production limits. He quips that “Congress 10 per cent efficient” would be inflation and notes the struggle to raise farmer income without increasing consumer prices. May 7 1993 reference, edited compilation from 1929 remarks.
MENTIONED IN THIS ARTICLE
Congress
Readers Praise Your Paper for Band Coverage
A Delaware County resident commends the paper for strong support of area bands. The letter reports attending the State Fair as a band supporter and lauds Madison County as the "Band Capital of the State" due to the paper's coverage.
MENTIONED IN THIS ARTICLE
Anderson
Madison County
Delaware County
Also Mentioned on This Page
THE
Anderson Herald
Anderson Newspapers, Inc
Jackson Street
Chorge G Crimtenberger
Harriey W. Tower
Acelpt
Charles W.aughlin
Trevsy
Jane Tower Lot “Mice President
MorGay
Indiana
Correr
Cortier
Dane Sadie
Soca Mussager
Suny
Associated Press
Ise
Feco
Capital
Holmes Alexander
Alexander
Casto
Rechevervia
Buckley
Will Rogers
Bryan Sterling
Register and Tribune Syndicate
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