S. Africa Blacks defy assaults; U.S. sanctions fight heats up LTV files bankruptcy; strike action planned
1986Marie Weigand 1986-08Read it in the scan (PDF at ETOL), page 1 →
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SPECIAL: The Philippine Revolution Today, pp. 7-11 8400 opponents of apartheid have been arrested under the government's emergency measures. The Congress of South African Trade Unions (COSATU) reported last month that some 2300 trade unionists, including over 200 union officials, remained in detention.
"Workers want to know why their democratically elected leaders are imprisoned, why union offices are closed or understaffed," a leaflet distributed by COSATU stated. "The industrial-relations system which workers have painstakingly established over the years has been rendered On July 17, the second largest steel corporation in the country, LTV, filed for bankruptcy under Chapter 11. Immediately, ripples coursed throughout the steel industry.
By filing for bankruptcy, the LTV executives were relieved of payments on all debts, pending reorganization of the company to become more profitable. They were also able to cancel all medical, hospitalization, and life-insurance coverage for retired workers.
LTV Steel's 30,000 active and laid-off employees reacted bitterly to the announcement of the largest industrial bankruptcy in U.S. history. Less than four months earlier, LTV workers had ratified a new contract with a 20-percent cut in wages and benefits.
They had voted to approve the new labor agreement because of the company's threat (continued on page 6, in “AIFLD road show hits bump in San Francisco Bay Area”)
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Socialist Action WELL... You KNOW point that the score is three to three. Both of the major space-faring countries have had three catastrophic failures.
The question of nuclear power is intimately connected to the Star Wars buildup. Star Wars would involve placing hundreds and perhaps thousands of space craft into orbit, some of which would be very large and would have massive power requirements.