United Electrical News
Publisher: United Electical Radio and Machine Workers of America, Canada
Periodical profile published 1977
Year Published: 1977
Resource Type: Serial Publication (Periodical)
Cx Number: CX329
The U.E. Newsletter reports union negotiations and contracts but also ranges widely over other issues.
Abstract: The U.E. Newsletter reports union negotiations and contracts but also ranges widely over other issues. In this one there is a report on a convention of the World Assembly of Builders of Peace in Warsaw where 2,000 delegates from 125 countries confronted the arms race. Represented were parliamentarians, unionists, religious leaders, cultural and scientific people as well as 13 U.N. agencies.
One article reflects on the "oil crisis" we have endured for the past four years. Oil producing countries raised their prices in order to get a larger share of the profits made by multinational corporations. Yet these companies used the "crisis" to rack up even larger profits. For example, they reserved huge pre-'73 supplies until the crisis prices could be demanded. Even though Canada could be self-sufficient in oil, prices were artificially maintained at an international price. When the Canadian government refused the oil multinationals special tax and price concessions they stopped explorations. Public money for development and a freer hand in pricing soon followed. Next January a $2/barrel increase will go into effect in two stages. So, while unemployment numbers over 1.5 million, and the employed have a wage freeze over their heads, higher profits are being guaranteed to corporations with the result that inflation accelerates. The article calls for the termination of wage controls and asserts that resources should be under public ownership.