Word: cautiously
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Dates: during 1970-1979
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...cautious police attitude led quickly to charges that they were allowing violence to occur without interfering. The following night, police, aided by stewards, actively tried to break up gangs of black youths who were menacing black and white passersby. The bullyboys turned on the cops and stewards, showering them with stones, bricks and bottles. Then an order went out: "Move forward! Plenty of noise, lads." Phalanxes of goggled police, whooping and beating their 5-ft. plastic riot shields with batons, charged through mobs of petrified teenagers. When the battle ended half an hour later, the day's injuries totaled...
Congress will give the program the scrutiny its scope deserves. Carter says he hopes to get the jobs program passed "as soon as possible." But no part will be enacted before 1978, and the full program would not go into effect until 1981. Congressional reaction has been cautious, with a variety of quibbles. Al Ullman, House Ways and Means chairman, objects to putting the working poor on welfare because it could have a bad psychological effect. He also wants to base payments on income alone, not on the size of a family. Welfare families, he feels, should not be encouraged...
Bosworth defends the Administration's cautious approach to inflation so far, but he is determined to have the council play a more aggressive role from now on. For example, to provide the White House with a sharper picture of inflation, the council will begin keeping an "early warning index" by charting day-by-day cost and price developments in a few bellwether industries such as steel, autos and construction. Says Bosworth: "In the past, the council churned out studies and recommendations that may have been good but went nowhere. My job is to see that our work gets transmitted...
...marked contrast to the encouraging results of President Carter's cautious domestic economic efforts, White House policy on the international front has been a growing source for grumbling. Last week disagreement with the Administration's foreign economic policy flared again in the wake of two developments: the plunge in the dollar's value to new lows against the West German mark, the Swiss franc and the Japanese yen hi international money markets, and the Government's report of a record monthly foreign trade deficit of $2.82 billion for June. For the first six months...
...Vice President David Grove, a member of TIME'S Board of Economists: "I agree that we want to restrain rising prices, but a more expansionary policy could be followed without aggravating inflation." For the moment, however, Jimmy Carter is probably too bedazzled by the success of his cautious management to listen to such advice...