Rail unions reach new contract ending nationwide strike threat
The Brotherhood of Railway and Air Lines Clerks and carriers signed a wage and work rules agreement after an all night session. Details were withheld awaiting ratification by locals. UTU remained unsettled with about 30,000 workers. Two smaller unions also reached agreements earlier in February.
MENTIONED IN THIS ARTICLE
Washington 1
Brotherhood of Railway and Airlines
Labor Department
Clerks’ Union
United Transporation Union
UTU
Brotherhood of Maintenance Workers
Hotel and Restaurant Employes
Construction Pay Demands Termed Major U.S. Concern
Treasury officials warned wage pressures in the construction industry could threaten economic growth. An industry accord between National Constructors Association and AFL CIO aims to curb jurisdictional strikes with penalties up to 10000 per violation, while officials cautioned spiraling wages could raise home prices.
MENTIONED IN THIS ARTICLE
U.S
Miami Beach
Te National Constructors Association
Aflcio
Building and Construction Trades Department
John F. O'Connell
Charles Pillards
International Brotherhood of Electrical Workers
Union Plans to Duel in Congress in Major Battles
AFL-CIO leaders in Miami Beach mapped a Capitol Hill strategy to challenge Nixon proposals on a new strike law welfare reform and revenue sharing. They called for a liberal food stamp program and a tough anti seizure law for fishing vessels.
MENTIONED IN THIS ARTICLE
Miami Beach
Afl-Cio
Congress
Nixon
White House
George Meany
U.S
Afl-Cio Executive Council
Capitol Hill
Key Biscayne
Lawmakers Probe Penn Central Manipulation and Profit
UPI reports congressional investigators accuse two Penn Central officers, David Bevan and Charles Hodge, of manipulating assets and credit to profit 500 percent through the Penn Club investment group. The House Banking Committee says the 16 to 26 member club earned $83,500 on a $16,500 cash stake, aided by $1.8 million in low interest Chem Bank loans. This financing allegedly placed Bevan and other Penn Central officials in conflicts of interest.
MENTIONED IN THIS ARTICLE
Murray L. Weidenbaum
Treasury
Walker
Washington
UPI
Penn Central Railroad
House Banking Committee
Penplui
The
Club
David C. Bevan
Pennsylvania Railroad
Penn Central
Charles J. Hodge
New York
Chemical Bank New York Trust Co
Bevan and
Hodge
David Bevan
Homebuilding Rise Seen by Sparkman and Riecken
Sen John Sparkman and economist Richard Riecken forecast a housing boom with nearly one million new dwelling units in 1871, contrasting with an official government projection of about 1.8 million. They cautioned that the economy must remain strong or properly managed.
MENTIONED IN THIS ARTICLE
Washington
UPI
John Sparkman
Dala
New York
Richard Riecken
Sparkman
Senate Banking and Currency Committee
San Onofre to Add Nuclear Units by 1976 Start
Plans to ease power shortages include building additional nuclear units at the San Onofre Nuclear Generating Station near San Clemente. The first unit is not expected to be commercially operable before 1976. An oceanographic firm of national stature was commissioned to monitor offshore waters before and after construction.
MENTIONED IN THIS ARTICLE
Edison
San Onofre
San Clemente
California State Department of Fish and Game
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UPL
Charles E. Walker
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Boston
London
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River
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Wright Patman
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Union Dental Plans
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Dooley
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Meh
California
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Abe
Copper Penny Family Coffee Shops
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