Word: bigs
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Dates: during 1960-1969
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...performance will do little to help the Crimson from the irritating rut into which it has fallen recently, and both Brown and Clarkson are quite capable of beating Harvard unless the Crimson scores early. The Crimson's ECAC stock is becoming somewhat shaky. It needs two big triumphs this weekend...
...event, the more dire prophecies of repression are false, that reaction and repression will be limited and temporary. Even so, the '70s are likely to be a time of chaotic and confused politics. The decade, thinks Management Consultant Peter Drucker, will see a slowdown in the growth of big government, which is unable, he maintains, to deal with modern problems. The solution is smaller, more effective bureaucratic units. At the same time there will be a revamping of outmoded political geography: the uniting of cities and their suburbs, for example, into rational metropolitan governments, as in Indianapolis and Toronto...
Friedman has a big recipe for economic reform, and he calls for an end to many politically sacred Government programs. A sampling of his ideas: FOOD STAMPS. "There is nothing you can do with stamps that you cannot do better by giving people money. The real drive behind food stamps is not to help the poor; it's to dispose of farm surpluses." Friedman calls the farm-subsidy program, which piles up huge surpluses in grain elevators, "a free-lunch program for mice and rats." PUBLIC HOUSING. "It was instituted in the 1930s to improve the housing of the poor...
Tight money might have reduced inflation faster if big banks had not discovered ingenious methods of avoiding the Federal Reserve's pincers. To help meet corporations' vast appetites for loans in the face of the credit shortage, U.S. banks borrowed $13.3 billion in Eurodollars?U.S. dollars in private hands abroad?and brought them home. The board finally closed that loophole by imposing a 10% reserve requirement on borrowed Eurodollars. Thereafter, the banks circumvented restraint by issuing vast quantities of commercial paper ?unsecured promissory notes. Belatedly, the Reserve Board plugged that loophole by placing an interest-rate ceiling on commercial...
...most talked-about subject among high executives is what role the corporation can play in reversing the decline of cities, building housing for the poor, finding and training blacks for jobs. Walter A. Haas Jr., president of San Francisco's Levi Strauss & Co., believes that industry's first big task is to put an end to polluting the environment. "We are debauching the country," he says. Meeting such new goals will plainly require some extraordinary changes of attitudes among both businessmen and politicians. At the extreme, business may have to renounce its allegiance to all-out economic growth in order...