Word: board
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Dates: during 1970-1979
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...board's forecasts add up to a difficult political challenge for President Carter. When he enters the first of the primary elections next February, joblessness will be rising and the rate of inflation, though declining, will still be high. If the recession is mild, White House aides insist that they will not follow the usual practice of trying to expand the economy in a bid for votes. Notes Democrat Heller: "The political advantage now seems to lie more in the successful assault on inflation than it does in all-out war on unemployment...
...harder, kicking up unemployment to unexpected highs, the pressure on Carter will be intense. Says one White House insider: "If the President is in trouble come New Hampshire, and the attacks are coming from the left, all bets are off." Good economics, as most of TIME'S board members agree, does not always make good politics...
...alas, has caught up with the kids of the baby boom. Now, one in every three Americans are products of the population surge that began right after World War II and lasted until the mid-1960s. According to the Conference Board, a blue-ribbon business research body, the aging of this generation "will be the single most important economic stimulant of the 1980s...
Early in May, Van Andel, 54, the tall, sandy-haired grandson of an immigrant Dutch bicycle salesman, began a one-year term as chairman of the U.S. Chamber of Commerce (membership: 84,000 companies, organizations, state and local chambers and individuals). Voted in by the Chamber's board, Van Andel expects to fill his traditionally figurehead role by making speeches and TV appearances, attending White House meetings and testifying on Capitol Hill in behalf of business...
...form or another of prime-time education, however, regard TV not as a "vast wasteland," in the memorable epithet of former Federal Communications Commissioner Newton Minow, but as a vast resource waiting to be tapped. One TV watcher who agrees is Minow himself, who now sits on the PTST board. Says he: "The most important educational institution in the country is not Harvard or Yale or Caltech-it's television." For better or for worse, it is difficult not to agree with...