Word: chairman
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Dates: during 1970-1979
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...praise was by no means unanimous, and among the most vocal critics of the bailout plan was Wisconsin Democrat William Proxmire, chairman of the Senate Banking Committee, which must consider the actual legislation involved. He blasted the proposal as "a massive giveaway for the taxpayers, and a massive windfall for the banks, stockholders and others who have the main stake in a Chrysler bailout." He also pledged to make any aid terms "as tough as possible...
...guide. At another point in the meeting, Kirkland and R. Robert Russell, director of the Administration's Council on Wage and Price Stability, heatedly squabbled over whether unions should try to make up in wages the income lost due to higher energy prices. The committee's chairman, Harvard Economist John Dunlop, must have thought that he was back at a business school faculty meeting...
...defuse the remarks the President made a week earlier about "punitive actions" that might be taken against the oil majors if the windfall tax did not meet his expectations. A better description of those still unspecified actions, one official suggested, would be "unfriendly." Louisiana Democrat Russell Long, who as chairman of the Senate Finance Committee was a chief target of Carter's latest venting of his frustrations over energy policy, pointed out that on balance the Senate's windfall tax proposal is tougher on the large oil companies than the House version. Said Long: "When people campaign...
...previously been flown by lines that had permission to use them. In addition, 32 carriers have taken advantage of a rule that allows each line to begin flying one new route each year without having to get the Civil Aeronautics Board's assent. Insists United Airlines Chairman Richard Ferris: "About 98% of the traveling public has as much or more service available today than a year...
...because more and more passengers are paying the premium rates to avoid the crowding and hassle of cabin class. But despite this booming business and a 32% increase in basic fares, the airlines are encountering profit problems, chiefly as a result of higher fuel prices. Says Marvin Cohen, chairman of the CAB: "Fuel has been a real bitch...