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Wage Price Controls

Baseball players went on strike Aug. 12, leading to the cancellation of the World Series for the first time in 90 years. Hockey is in suspended animation for two weeks. NFL teams are squeezing under salary caps for the first time. NBA officials have talked about locking players out around Thanksgiving. Anyone detect a pattern here? Writing sports stories--and reading them--requires a degree in labor law. The focus here is on hockey, scene of the most recent and most ridiculous dispute.
September 29, 1994 | ROSS NEWHAN
A House subcommittee on Wednesday took the first step toward repealing baseball's antitrust exemption, approving a bill that would remove the exemption as it applies to labor issues. Wednesday's approval by the Subcommittee on Economic and Commercial Law sends the bill to the full Judiciary Committee for a vote today. It is uncertain whether the bill, sponsored by Mike Synar (D-Okla.), can get through Congress before it adjourns Oct. 7.
September 11, 1994 | ROSS NEWHAN
If the remainder of the 1994 season is canceled, as appeared even more likely Saturday, the Fall Classic is certain to be replaced by a fall, winter, spring and perhaps summer of chaos. "Utter chaos," Donald Fehr, executive director of the players' union, said of the expected reaction to the owners' anticipated decision to unilaterally implement a salary cap that would eliminate arbitration and restrict free agency, besides putting a ceiling on payrolls.
April 15, 1992 | STEVE SPRINGER
It was hockey's biggest faceoff: 22 NHL owners against 564 players in a struggle that brought the league to a standstill for 10 days and endangered its very existence. The NHL's first strike is over, but some questions remain: Who won? Who lost? Was it worth it? Is it really over, or was the strike merely the first skirmish in what may erupt into an war? That last question is the most intriguing.
January 4, 1992 | From a Times Staff Writer
Still reeling from political upheaval, the citizens of Russia this week were wrenched by an economic jolt: With the elimination of almost all government subsidies for consumer goods, prices have taken off. The costs of many basic commodities have doubled, tripled, even quadrupled. But even at the new prices, such goods as sugar, salt, cooking oil and matches were not available in any of the 15 typical state stores visited by Times reporters.
January 12, 1992 | From Associated Press
Furious shoppers are forcing stores across Russia to scale back price increases ordered this month in the federation's move to a market economy, Russian media said Saturday. Officials in the Russian city of Ulyanovsk, southeast of Moscow, said Saturday that they would reduce the regulated prices on bread, some dairy products and other necessities in the next three days, the Tass news agency reported. Russian President Boris N.
January 1, 1992 | Associated Press
All across Russia on Tuesday, cash registers were ringing out the old year--and the old prices. When stores reopen Thursday after the New Year's holiday, subsidized state prices on most goods and services will have gone the same route as the Soviet state itself--into history. Last-minute holiday shopping Tuesday combined with anxiety over the freeing of prices to produce long lines in Moscow. Shoppers lined up outside of stores, in the light snow and heavy mud, throughout the city of 9 million.
With economic forecasts presenting an increasingly grim picture, City Administrative Officer Keith Comrie said Friday that Los Angeles may need to lay off 1,300 municipal employees next fiscal year and freeze all salaries to counter a projected record deficit of $190 million. "Very severe operating problems and severe reductions (in services) would result from such cuts," Comrie wrote in a report delivered Friday to Mayor Tom Bradley and the City Council.
April 14, 1993 | JAMES FLANIGAN
Every once in a while, in the national economy as in sports, there's a play that changes the game. In the 1980s, the key play was Ronald Reagan's offensive against the air traffic controllers' union. New to the White House in 1981, Reagan took a stance against striking air controllers that signaled wage inflation would not continue. He thus set the tone for a disinflationary decade. The comparable play for the '90s is Clinton's attack on drug prices, launched as soon as he was elected last fall.
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