Word: almost
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Dates: during 1960-1969
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...past 18 years, the seven-member board has been headed by William McChesney Martin, 62, who has become almost as much a fixture in the capital as the Washington Monument. But his term in the $42,500-a-year job ends on Jan. 31, and by law he cannot be reappointed. Last week President Nixon announced his choice as successor to Democrat Martin. The new economic maestro is Arthur Frank Burns, 65, a self-described "moderate Republican," a longtime close aide of Nixon, and a stubborn anti-inflationist. For at least the next four years, the nation's money...
...warned that Nixon might veto bills -possibly even the tax-reform bill-that involved excessive spending or loss of revenue. Almost his last words before his appointment to the Federal Reserve were: "We will not budge...
Where He Stands. That comment was quintessential Arthur Burns. Around the White House, he has tirelessly preached the virtues of steadiness in Government policy. His favorite slogan for almost any situation is "Don't panic." He has written that "we need to learn to act, at a time when the economy is threatened by inflation, with something of the sense of urgency that we have so well developed in dealing with the threat of recession...
...revenue sharing. He is so devoted to a free-market economy, that he has written of it with unaccustomed fervor: "By and large, it is competition-not monopoly-that has vast sweep and power in our everyday life." This viewpoint leads him to consider wage-price "guidelines" to be almost as evil as statutory controls. "Free competitive markets would virtually cease to exist in an economy that observed the guidelines," he once wrote...
...next year. "Developing new products is like a gigantic crap game," says Boone Gross, former president of the Gillette Co. "The cost of failure-either by not getting into the game or by launching unsuccessful products-is astronomical. Yet the profits to be earned from successful new products are almost with limits...