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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 29, 1986

Page

5

Interest rates rise on short term Treasury bills

Washington AP reports Treasury sold 7.6 billion in three month bills at 5.86 percent discount, and 7.6 billion in six month bills at 5.89 percent, highest since June 30. Real yields rise to 6.03 percent and 6.16 percent respectively.

Washington Treasury Treasury Department

Ohio lawmakers vow to contest LTV retiree insurance cut

In Cleveland hearings Northeast Ohio lawmakers pledged to press Washington to block LTV Corp retiree life and health insurance cuts. About 76,566 retirees are affected, including 1,000 USW members. LTV filed for Chapter 11 protection, claiming it cannot fund the company paid coverage. The panel heard support for legal challenges and possible federal court action to enforce promised pension benefits.

Cleveland Ohio Washington LTV Corp Howard Meisenbaum Cne Cy Cleveland Mills United Steelworkers USW Lynn Williams Liv Nes Ce Baede Meraniepseaeth Metropolitan Life Insurance Co John Hancock Mutual Life Insurance Co Dallas New York U.S Arlen Specter R-Pa James Traficant Youngstown Mahoning Valley Justice Department Traficant Congress Harvard Law Vernon Countryman LTV Metzenbaum Jim Butler

Bil L Amendment to Be Introduced by U S

A brief report notes an amendment proposed in Congress, named the Bil L amendment, aimed at addressing a specific legal or policy issue. The item highlights the expected introduction by U S lawmakers and potential implications for related statutes.

U.S

Union authorizes strike against Bell in five states

The Communications Workers of America votes to authorize a strike involving 65,000 workers against Ameritech and Bell companies in Ohio Illinois Indiana Michigan and Wisconsin unless a contract is reached by midnight August 9. The union cites opposition to eliminating cost of living allowances and lump sum wage increases and against insurance deductibles and copayments.

Cleveland Communications Workers of America CWA Martin J. Hughes Hughes Ameritech Operating Companies Bell Telephone Companies Ohio Ilinois Indiana Michigan Wisconsin

Wage gains in union contracts reach 19 year low

Private sector union contracts covering about 1 million workers show an average first year pay raise of 1.2 percent, the lowest in 19 years, with lump sum bonuses and other gains not reflected in the BLS data. Economists say overall value to workers may be higher due to bonuses, profit sharing, and training programs.

Washington Bureau of Labor Statistics Bureau John Zalusky Afl-Cio Bureau of National Affairs

Also Mentioned on This Page

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