Word: bipartisanism
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...price controls. On Wall Street, respected Investment Banker Felix Rohatyn last week called for a yearlong wage and price freeze and other inflation-fighting measures to stop "a slide toward national bankruptcy." Even in normally free-spending Congress, cries went up to fight inflation by slashing budgets. A bipartisan group of 44 Senators signed a petition calling for $26 billion in spending cuts next year...
Spokesmen for Sen. Paul Tsongas (D-Mass.) and Rep. James Shannon (D-Mass.) said the two opposed resumption of registration, but agreed the bill probably had widespread bipartisan support...
...Javits of New York and Democrat Claiborne Pell of Rhode Island urged that the U.S. and other countries establish a huge airlift of food and medicine into Cambodia if Phnom-Penh persists in refusing to allow a "land bridge" for trucks to enter Cambodia from Thailand with supplies. A bipartisan group of 68 House members urged Carter to set up a joint airlift with the Soviet Union. The plan was first suggested by the Rev. Theodore Hesburgh of the University of Notre Dame. Said he: "I'm perfectly willing to ride in the lead truck and get shot...
...White House tapes that unwound Nixon's presidency? No, the conversation was taped on June 29, 1954, by President Dwight D. Eisenhower, who told then Vice President Nixon that his ''castigation'' of the Democrats was damaging the Administration's efforts to achieve a bipartisan foreign policy...
That is how TIME's Board of Economists views the Recession of '79, which it forecast as early as last November and which began in April. The bipartisan board agrees that the worst is yet to come: the recession will last 12 to 15 months rather than six to nine months, as previously forecast. The economy will shrink 3% during the decline rather than just 1% to 2%. Meanwhile, inflation will remain near 10%. Not until next summer will expansion resume, and even then it will be rather weak. Scarce and expensive energy will mean that growth throughout...