Word: cautiously
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Dates: during 1970-1979
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Like most bureaucracies, HEW had a modest beginning. It was created in 1953 from existing agencies by a cautious Republican President, Dwight Eisenhower. In its first year of operation, HEW's budget was a mere $5.4 billion, of which $3.4 billion went for Social Security. Immediately the department became a political issue, as congressional Democrats pressured Ike to increase funding. He held off until the Soviets launched Sputnik in 1957. Then the first significant breach was made in hold-the-line spending. Fearful that the Russians might surpass the U.S. in science and technology, the President backed the National Defense...
...still felt cautious...
...little guy is still highly cautious. Small investors are sitting anxiously on their cash until it becomes clearer that Wall Street's buying panic is more than just a flash. But this has done nothing to stem the three-week-old rally as foreign investors continue to join large U.S. institutions in leaping on the bull...
Soon after taking office, Kahn shucked off the CAB's cautious approach to granting fare cuts and told airline chiefs that he would welcome applications for discounts. The more aggressive lines, especially American and United, quickly reduced fares to fill unoccupied seats, and competitors were somewhat reluctantly forced to follow their lead. Last month the CAB voted to allow airlines to cut fares as much as 50% without even checking with the agency. This move could hurt some lines that may need to show dominant positions on important routes in order to get financing for fleet buildups...
...council met, and said the ACSR was a very wise, and prudent, and cautious body, but it may have gone too far, and said someone, somewhere, somehow should probably do something about it, or at least talk about it, but maybe not immediately...