Word: american
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Dates: during 1970-1979
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Such congressional action reflects the public's new antiregulatory sentiment. The FTC has come to epitomize all the problems of Government regulation run amuck. This new notoriety represents a strange metamorphosis for a body that in 1969 an American Bar Association commission condemned for inactivity and Ralph Nader's Raiders ridiculed as "the little old lady on Pennsylvania Avenue." Established in 1914, the FTC for most of its history was a largely ineffective agency that rarely used its powers to curb deceptive advertising and to press antitrust cases. In 1975, however, Congress broadened the commission's mandate...
Some of the FTC's recent actions, such as permitting lawyers to advertise despite the American Bar Association's restrictions and forbidding companies like Levi Strauss or Florsheim from setting minimum retail prices on their products, have benefited consumers. But the agency's excesses endanger its important consumer protection work. Says Republican David A. Clanton, one of the five FTC commissioners: "The trouble with the pendulum swinging the other way is that you knock out all the good stuff as well as chastising us where we need to be chastised." But when the final votes are taken...
...main challengers to Jimmy Carter are beginning to stake out positions on that premier fret of the American public: the economy. So far, they are producing no ideas that seem much different from or better than Carter's but only an array of me-too remedies that are eclectic yet oddly limited. The common thread that winds through nearly all is that Government can help the most by meddling the least. The new fashion for 1980 will not be spend and spend, elect and elect, but cut and trim and hope for the best. A preview of the leading...
...resort"). Connally favors faster write-offs for capital investment, proposes large new jolts of defense spending and wants deep, budget-wide cuts in just about everything else, basically by allowing attrition to whittle the federal payroll. To increase trade he, along with Reagan and Brown, calls for a North American common market. To spur savings Connally would create a "taxpayer's nest egg," in which people could invest up to $10,000 of income, taxfree, so long as they put it in a bank account, stock or bond and reinvested the interest, dividend or capital gain...
...fiscal 1979 did $65 million in business and, helped by mass marketing and computerized control, may top $95 million next year. People move; Grossman is building a service by which corporate travel will be handled by a central reservation and billing service. He also watches over that wondrous American institution: the expense account. Companies can require that salesmen and others on the expense account submit their claims to Gelco's computers, which check them for any excesses...