Business: A Bit of Help from Big Labor

A stop-the-clock postal pay deal aids the battle against inflation

All across the country, mailmen gathered in their union offices, and as the clock approached midnight the tension began to rise. Would there or would there not be a postal strike in the morning? The answer came shortly after 4 a.m. Washington, D.C., time, when Emmet Andrews, head of the American Postal Workers Union, emerged bleary-eyed from behind closed doors at the offices of the Federal Mediation Service. After a tense, all-night bargaining session that capped 17 weeks of talks between the U.S. Postal...

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