Wage indexation moves from possible to probable reform
The proposal to restore automatic wage adjustments to track price rises gains serious consideration in the Treasury and Labour, with discussion slated at a future industrial peace conference. The idea, once tied to cost of living changes via the old index, faces parliamentary and constitutional hurdles ahead of next month’s incomes referendum.
MENTIONED IN THIS ARTICLE
The
Treasury
Department of Labour
Arbitration Court
Commission
Arnoll
US Budget Outlook: Rush to Balance Slips, Revenue Seen
Washington reports the US government no longer expects to balance the budget in the current financial year. Revenues are projected near 1.71 trillion dollars, with expenditures up about 2.017 billion more than this year. For 1975, revenues are expected around 198 billion, up about 8 percent but largely eroded by inflation, says budget chief Roy Ash.
MENTIONED IN THIS ARTICLE
Washington
Roy Ash
Ash
Congress
Bovetniment Sper
Economists urge a yes vote in Australian referendums
Sixteen economics professors from universities across Australia and the ACT publicly urge a "yes" vote in the prices and incomes referendums to be held next weekend. In a Canberra Times letter they say the referendums are important for future economic policy development in Australia.
MENTIONED IN THIS ARTICLE
Economics
Australian
Act
Canberra Times
Australia
Pape
Seminar on executive development in Canberra prompts debate on youth guidance
Speakers at an ACT division Australian Society of Accountants two day seminar in Canberra argued that management styles shape employee motivation. Dr John Hunt noted many public servants sought job security and safe superannuation, while Wilfred Jarvis said 1910 20 birth era bred obedience to authority leading to coercive leadership rather than true motivation.
MENTIONED IN THIS ARTICLE
ACT
Australian Society of Accountants
Canberra
John Hunt
Graduate School of Business
University of Nsw
Public Service
Wilfred Jarvis
Traders Sit Out On Wall Street Slips in dull session
Wall Street fell Friday as traders stayed on the sidelines amid renewed Arab Israeli hostilities on the Suez front. The Dow Jones industrial average dropped about 1 1 points, with declines leading advances on the New York Stock Exchange. Utilities financial and transportation issues were lower as buyers were scarce and selling intensified on Middle East tensions. Oil shortage concerns and the Watergate scandal added to investor unease.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Associated Press
Suez
New York Stock Exchange
Middle East
Wall Street falls amid second day losses at session close
The Dow Jones Industrial Average dropped 12.9 points to 22.2 as markets extended losses for a second straight day. London shares weakened with the Industrial Index slipping II.1 to 364.2 amid cautious trading and currency movements. Prices quoted include a US dollar rate of 101.98 in history-aligned terms.
MENTIONED IN THIS ARTICLE
Wall Street
Warning on foreign capital in Indonesia economy
Former Vice President Dr Mohammad Hatta warned the government to prevent foreign capital from colonising Indonesia’s economy. Speaking at a seminar, he said foreign investment could exploit resources and should not operate on a large scale, noting it widens the gap between rich and poor.
MENTIONED IN THIS ARTICLE
Jakarta
Mohammad Hatta
Indonesia
Hatta
Oil Strike In Irian Jaya By Petromer Trend Colorado
Pertamina announced that US firm Petromer Trend Colorado hit its fourth oil strike in Irian Jaya. The new strike has a daily capacity of 3,393 barrels, adding to the three earlier strikes producing 40,000 barrels daily. The company has exported about one million barrels to Japan and the United States.
MENTIONED IN THIS ARTICLE
Jakarta
Petromer Trend Colorado
Irian Jaya
West Irian
Pertamina
Japan
United States
Workers gain discount shares scheme for British firms
A new act backed share-savings scheme lets workers in British firms buy shares at a discount after five years of SAYE-structured savings. Workers 25 or older with five years’ service may participate, with firm rules on share allotment and loan arrangements.
MENTIONED IN THIS ARTICLE
National Savings Movement
Also Mentioned on This Page
Business & Econo
Labor Party
Dexation
J. Geluck
University
Brussel
OECD
Paris
Geluck
Anzaas
Perth
Heinz Arndt
ANU
Arbitration Commission
Synprome
Hunt
Jarvis
London
Financial Times
Greg Hunting
2CA
I-12
Birkmyre
P.V.C
Rogers
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