Word: bosworth
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...confession that many well-intentioned federal regulatory efforts contribute to inflation by raising industries' costs, and a pledge to change. Carter is considering several regulatory reforms suggested by Barry Bosworth, head of the Council on Wage and Price Stability (see box), including the opening of more federally owned timberland to cutting by private companies in order to increase the supplies of lumber and thereby hold down those prices...
...looks ten years younger, and would seem quite at home shooting the breeze with some economics professor at a Harvard graduate seminar. That is a serious problem for Barry Bosworth, director of President Carter's Council on Wage and Price Stability (COWPS). Middle-aged business leaders take one look at him and wonder whether he is old enough for even a one-martini lunch. They need not worry. For one thing, Bosworth is a seasoned economist (a year on the staff of Lyndon Johnson's Council of Economic Advisers and six years with the Brookings Institution). More important...
More important, COWPS Chairman Barry Bosworth and Trade Negotiator Robert Strauss got on the phone to heads of other steel companies, urging them not to follow the U.S. Steel increase. Strauss, who is becoming increasingly influential in the Administration, made the key call to National Steel Chairman George Stinson. National then posted a price rise of only $5.50 a ton, which COWPS pronounced "acceptable." The smaller increase was quickly matched by several other companies, including Bethlehem Steel, No. 2 in the industry, without whose support U.S. Steel cannot make the bigger raise stick. For the record, U.S. Steel vowed...
...unworkable, and labor leaders argued that it placed unfair restraint on collective bargaining. Thomas G. Moore, a senior fellow at Stanford's conservative Hoover Institute, dismisses both TIP plans as "gimmicks." Says he: "They are just a hidden form of wage and price controls, pure and simple." Barry Bosworth, President Carter's chief of the Council on Wage and Price Stability, complains that the Okun plan would require a whole new bureaucratic machinery and floods of forms: "It is too much control for the corner grocery store...
...longer up to challenges of any kind. Sometime during the early '50s, at the very moment of his triumph, he became addicted to drink and drugs. After a catastrophic Hollywood car crash in 1956, which left his face an awkward mask, his decline became a slide. Bosworth seems to pin much of the problem on guilt over his homosexuality - or bisexuality, as she maintains it was - but the evidence is totally unpersuasive. Good as her book is, it offers no real reason for Monty's down fall, which was as mysterious as his talent...