Word: bentsen
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Dates: during 1970-1979
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...haven't heard the word protectionism for months." By contrast, he said, the previous two years had been "among the most difficult in the U.S.-Japanese relationship since the end of World War II." In Washington, even Congress's Joint Economic Committee stopped growling. Texas Senator Lloyd Bentsen, committee chairman, conceded that Japan, under U.S. pressure, had "begun to peel away" the cocoon of import regulations it had spun to protect its domestic industry from foreign competition...
...certain distance. "I pick my friends carefully," he says, "watching them for a long time before I commit. I'm aloof, I know that. I have very few close friends." Connally's temper is sharp, his sense of loyalty demanding. He has barely spoken to Texas Senator Lloyd Bentsen Jr., long a close friend, after Bentsen did not testify as a character witness in the milk trial...
...Senator Lloyd Bentsen...
Last week the congressional Joint Economic Committee, of which Senator Bentsen is chairman, began special hearings into the productivity sag. From expert witnesses, the committee heard that despite the recent decline, the U.S. still has the world's highest level of productivity, but the lead is shrinking rapidly. In 1950 it took seven Japanese or three German workers to match the industrial output of one American; today two Japanese or 1.3 Germans can do as well. Last year the Japanese had a productivity increase of 8%; the U.S. gain was only .3%. In this year's first quarter...
...Senator Bentsen last month introduced six bills to boost productivity. They would, among other things, allow more rapid tax depreciation of R. and D. projects leading to innovations that are ultimately patented, and permit a 10% R. and D. tax credit for small firms. Stressing that the Carter Administration has been dilatory in proposing remedies, Bentsen admits that his bills "are not glamorous solutions. But they could increase productivity, and that would translate directly into less inflation and rising paychecks...