Word: broads
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Dates: during 1980-1989
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...since our office in Shanghai was closed in September 1949, four months after the city was taken over by the forces of Mao Tse-tung. The newest of our 31 bureaus is located in Peking's Qianmen Hotel, ten minutes by car from the Chinese capital's broad Tiananmen Square. Last August TIME became the first U.S. newsmagazine to be circulated in China. Our reporting on that country will be much enriched by the presence there of our new bureau chief, Richard Bernstein...
...your article "But Can Reagan Be Elected?" [March 31] you say that "G.O.P. Front Runner Ronald Reagan relies upon a base of support that is on the far-right wing of the Republican Party." You can't bring yourselves to acknowledge the obvious: he has the broad center, and Kennedy, Carter, Anderson and the other liberals are on the far left of the people of this country...
...passed increasingly from entrepreneurial proprietors to hired managers. Leading companies are no longer owned by the founders' families. The Rockefellers control less than 5% of Exxon, the parent of the empire John D. Rockefeller built; ownership has spread to 687,000 individuals, mutual funds and pension plans. Such broad ownership gives still more control to managers...
Some would-be reformers push a sort of bubble plan for the whole economy. Despite the state's poor record of ensuring prosperity and stable prices, many left-leaning economists and even some businessmen regard further Government economic planning as the next inevitable step. The Government would fix the broad goals for economic growth and targets for investment and production in specific industries, although the details would be left to private firms. Only in this way, they argue, could inflation be brought under control and a path of steady growth...
Procedures for getting the public to support broad shifts in policy are built right into the political system. Though responsibility for overall economic policy rests with the Premier and his Cabinet, all government departments and agencies have policy study groups that range from a handful to 200 or more businessmen, scientists, lawyers, journalists, farmers and others. Usually, the outside advisers approve departmental actions, but sometimes policy initiatives are scrapped. Example: to help close a fiscal 1980 budget deficit, the Finance Ministry last autumn recommended a corporate tax increase. It was shelved when businessmen on the ministry's Tax System...