Word: contend
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Incomes policies would surely be harder to enforce in the U.S. than in smaller, more homogeneous nations. And critics contend that such policies have never worked for long even in those countries. Yet the record is by no means barren, especially over the short run. Last year Canada's Price and Incomes Commission had to abandon its short-lived wage and price guidelines because unions would not go along. Still, the commission had considerable success in persuading companies to temper the rate of price increases and was partly responsible for lowering Canada's 1970 inflation rate to 2.3% from...
Some of the problems facing the Democratic Administrations of Presidents Kennedy and Johnson from 1961 to 1965 were markedly different from those confronting President Nixon. Prices in those years were stable and there were no inflationary pressures to contend with. More significant, the economic distortions caused by a major war in Southeast Asia and by an expanding economy at home had not yet begun...
Burns and most independent economists contend that neither phase has gone according to plan. The federal pressures did not substantially impede inflation and tended to diminish consumer confidence. Even as jobs became scarcer, unions demanded higher, rather than smaller wage increases. Burns argues that Government must act to discourage both wage and price increases; the Fed has recently moved against inflation by raising the discount rate...
...both 65, once middle-echelon Foreign Service officers of the State Department, as long ago as 1944 correctly diagnosed the power and potential of Mao Tse-tung's Chinese Communist Party and urged that the U.S. make an early accommodation with it. Had this been done, they contend-and many observers agree-the U.S. might have been spared two wars-in Korea and Indochina. Drummed out of the service at that time for their views, they now see the wheel of U.S. policy come ironically full circle under Nixon...
...that the test, on which $ 167 million has been spent thus far, will not harm the environment; further, it is vital to the development of weapons for the nation's defense. While radioactive debris has escaped from 68 of 253 underground nuclear tests held in Nevada, AEC officials contend that no leaks have been recorded for tests of more than 200 kilotons. On the other hand, they admit that water contaminated with radioactive tritium could seep through open rock to the Bering Sea and the Pacific Ocean any time within three to 1,000 years. Such uncertainty hardly reassured...