THE RAILWAY INDUSTRY: A CASE FOR FINAL OFFER SELECTION ARBITRATION
This paper indicates the potential of economic adversities caused by the railroad industry's labor-management problems. The three significant areas are the inadequacies of the Railway Labor Act, the fragmented unions, and the long-run contractions in railroad physical plant and employment. It is recommended that the Railway Labor Act be abolished and railroads and airlines be covered by an amended Taft-Hartley Act calling for application of "final-offer selection" arbitration.
Union Fragmentation: A Major Cause of Transportation Labor Crises
Discusses the role of union fragmentation in the labor problems experienced by transportation industries in the United States. Effects of labor laws and bargaining strategies on labor stability in the country; Options recommended by President Richard Nixon to resolve labor conflicts; Information on several labor unions in the railroad industry; Background on employee reductions in the industry. (Abstract copyright EBSCO.)
CP3's Standardized Approach for Credit Risk and Current Capital Requirements
This paper reports estimated risk-weighted assets at 27 New York banks after applying the provisions of the Standardized Approach, both singly and in combination. The provisions that lead to estimated decreases in risk-weighted assets had greater impact than provisions that lead to estimated increases. This finding implies that using Standardized Approach elements to make capital requirements more risk-sensitive will lead to lower levels of required capital, unless regulators also impose a capital charge for operational risk. The effect of the different provisions varied across the 27 institutions, but the results, on average, are consistent with those reported in the third Quantitative Impact Study.