Word: accountants
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Dates: during 1970-1979
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Fukuda is aware of the need to make concessions. As he told Stewart, color-television sets, steel, automobiles and ships "account for a major portion of our export trade, so much so that we are advising [the manufacturers] to avoid undue concentration [on specific markets]." Fukuda also warned against restrictive measures like last week's recommendation by the U.S. International Trade Commission that tariffs on imported television sets be increased from 5% to 25% over the next two years (see ECONOMY & BUSINESS...
...high official of the ITC with refreshing candor. By law, he notes, the commission can consider only whether domestic industries are in fact being hurt by foreign competition and what sort of restrictions on imports would be sufficient to repair the damage. "If the ITC had to take into account the impact on consumers or on foreign relations, it would have recommended differently." The President, of course, must weigh those issues and, as he and his advisers do so, they are finding compelling reasons not to increase tariffs sharply...
Count no man happy, said the Greeks, until he is dead. Or a family, Brooke Hayward adds, in this intense, absorbing tale of her own. On Daughter Brooke's account sheet, the story of the Haywards is not so much tragic as it is sad. They were not visited by terrible events like poverty, disease, or accident: they invited unhappiness, as casually and as carelessly as they might invite a tiresome guest to a garden party; eventually they were seduced by its dark and terrible charm...
...approved for use in foods and beverages in the U.S. since the banning of cyclamates in 1970. Acting FDA Commissioner Sherwin Gardner emphasized that he saw no immediate hazard to public health from the chemical. Thus his agency will not immediately stop the manufacture of products containing saccharin (which account for at least $2 billion annually in sales) or recall those already on the shelves. But, Gardner insisted, "science and law dictate that saccharin be removed from food...
...being in Wisconsin last week-points up a worrisome energy problem: nuclear power, once regarded as the ultimate energy source, faces a more troubled future today than it did when the first experimental reactor was switched on in 1951. Only 63 nuclear-power plants are operating, and they account for a mere 2.9% of all U.S. energy production. Only seven atomic-power plants were licensed in 1976, and only three reactors were ordered, compared with...