Shultz Meets Unions To Avert Rail Strike
Secretary of Labor George P. Shultz invited union leaders for the administration first attempt to avert a looming nationwide rail strike. Four shopcraft unions pressed for negotiation while the National Mediation Board warned of an emergency if six of 76 lines shut down. Officials weighed personal mediation to avoid hearings and possible emergency declaration.
MENTIONED IN THIS ARTICLE
Washington
George P. Shultz
National Mediation Board
White House
Shultz
Nixon
Wiliam W. Winpisinger
Machinist
Mediation Board
Francis A. O'Neill
IMF chief says SDR system replaces gold price rise
Pierre-Paul Schweitzer, managing director of the IMF, said the new Special Drawing Rights system will mimic gold price increases to balance international accounts without devaluing the dollar. He ruled out flexible exchange rates and noted SDRs will be issued as a liquid, paper gold alternative usable only in intergovernmental transactions.
MENTIONED IN THIS ARTICLE
Washington
International Monetary Fund
Pierre-Paul Schweitzer
112-Nation Fund
Schweitzer
United States
World Bank
Gov
Bretton Woods
N. H
France
Charles de Gaulle
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