Word: accountability
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Dates: during 1970-1979
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Carter's favorite poet is Dylan Thomas, and he has read most of his works. He liked Arthur Schlesinger's A Thousand Days, an account of Kennedy's presidency. He thought Plain Speaking, the profile of Harry Truman by Merle Miller, was especially instructive. His favorite "trade book" is The Presidential Character, an analysis by Duke University's James David Barber of the traits that make for strong and weak chief executives...
Almost two years after resigning as Watergate Special Prosecutor, Leon Jaworski has finally produced his long-expected account of the anxious, turbulent, year-long investigation that he directed into the worst scandal in American history. His book The Right and The Power (Gulf Publishing Co. and Reader's Digest Press; $9.95) is a straightforward, rather dry rendering, often made even drier by lengthy quotes from legal documents. Jaworski, who is donating the royalties to his own nonprofit foundation (which supports religious and educational projects), nonetheless offers some intriguing anecdotes and pungent observations. Among them...
Chaotic Competition. That is another remarkable performance, considering the rather chaotically competitive nature of the $5.5 billion chicken industry. Some 190 companies, or 100 fewer than two decades ago, raise and sell the birds; the four largest firms account for only about 20% of the business. The nation's biggest producer, North Carolina's Holly Farms (weekly output: nearly 5 million broilers) is a subsidiary of Memphis-based Federal Co., a large flour miller, but other big companies have been unable to make a go of chicken raising. Ralston Purina, once No. 1 in the business, and Pillsbury...
...needs, v. 29% before the embargo. And because Canada and Venezuela have been cutting down on oil exports, almost all of the recent increase in U.S. needs has been supplied by Arab countries; their shipments to the U.S. have doubled in the past year and now account for more than 12% of American consumption...
Soon New York's Chemical Bank, the nation's sixth largest (assets: $23.9 billion), is expected to announce a plan that will enable checking-account customers to buy or sell stocks at bank order desks at commission rates far beneath those charged to the typical small investor by most Wall Street brokers. For a commission of about $35, Chemical's customers would be able to buy or sell up to 500 shares of any stock, with the rate rising to $60 for 1,000share orders. Thus the commission for buying 100 shares...