Word: contenders
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With few exceptions, Board members contend that much of the nation's present economic troubles stem directly from policy mistakes of both the Nixon and Ford Administrations. The biggest miscalculation, in the Board's view, was the persistent pursuit of overly restrictive anti-inflation programs. In this, Treasury Secretary William Simon gets most of the blame for his strenuous emphasis on budget balancing. On monetary policy, the Fed is given low marks for its stingy money policies through much of the year. Says IBM's David Grove: "Underlying the Administration's policy was a judgment that...
...already added between $499 and $600 to the price of a car. (The Bureau of Labor Statistics, however, puts the cost at $415.) Company representatives are pressing Congress for a five-year delay in the stiff Government pollution-control standards now scheduled to take effect in 1977. The automakers contend that, instead of being forced to spend money on devices that reduce emissions, they should be allowed to develop engines that will be clean enough to meet federal standards without extra equipment. But they insist that this will take time and money and cannot be done unless the Government puts...
...Department of Transportation now agrees that the bumpers, which weigh 100 Ibs. or more, are not worth the cost. The DOT is proposing a rollback to the 1972 requirement-ability to withstand a 2.5-m.p.h. impact. Insurance companies, some Congressmen and several public interest groups, which contend that the stronger bumpers will hold down damage costs, oppose such a move. But they also maintain that the weighty, expensive bumpers U.S. carmakers are using are unnecessary. The bumper on the West German Opel, for instance, is as strong as the steel one on the new Ford Pinto, yet it weighs only...
Steiner said when the Medical Area Employees' Organizing Committee files a request for a union-forming election--which will probably happen before the end of the month--Harvard will ask for a National Labor Relations Board hearing in order to contend that a medical-area clerical union is inappropriate...
...that the rebates might be extended. Nor are actual cuts in list prices likely. Part of the reason is that the industry wants to have those hefty sticker prices in effect in case wage and price controls are imposed later on in the year. In addition, the automakers still contend that the high prices are justified by increased material and labor costs. In view of the still dismal state of the business, however, they may have to make yet another agonizing reappraisal of their position. Reason: unless auto sales pick up appreciably this year, chances for an economic recovery...