Word: carterized
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Dates: during 1980-1989
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...Rhodes scholar and a graduate of Yale Law School, Reich is a relative newcomer to economic debates. Despite his growing professional stature, he is self-effacing and unimposing. Standing only 4 ft. 11 in. tall, he jokes, "When I started studying economics, I was 6 ft. 2." During the Carter Administration, Reich was policy planning director at the Federal Trade Commission, an agency often criticized for imposing oppressive rules on businesses. He rejects the Reaganomic notion that Government regulation and high taxation are the root causes of U.S. economic problems. Instead, Reich heaps most of the blame on the executives...
...pitfalls in practice. For one thing, the bulk of Government aid is likely to go to old industries with great political clout (steel or autos) rather than to emerging ones (computers and robotics). This has often been the experience in Europe. Says Michael Wachter, an economic adviser to President Carter: "France and Germany have made their hi-tech sectors weaker with government help. Those industries become more dependent on their governments for support, and the help proves to be something negative, not positive." Adds Donald Carroll, dean of the Wharton business school: "We should not look to France...
...Graydon Carter...
From the moment that rumors of its gossipy contents began circulating along the Potomac, Zbigniew Brzezinski's memoirs of four years as National Security Adviser in the Carter Administration have enlivened Georgetown cocktail parties with outrage and titillation over his putdowns of erstwhile colleagues. He has waved the furor aside, saying that what matters is not whether former Secretary of State Cyrus Vance personifies the decline of the Wasp elite, or whether "the loving way" that Walter Mondale combed his hair betrayed insecurity, but the "substance" of the issues he tackles in these pages...
Nonetheless, Brzezinski's book is a far richer resource for historians than previously published accounts of the Carter period by Hamilton Jordan and Jimmy Carter himself. Cyrus Vance's Hard Choices, to be published June 17, is reported to be rather tame and gentlemanly...