Word: costly
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Dates: during 1960-1969
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Inheriting a dangerously overheated economy, Nixon has moved forcefully to curb inflation. His economists have tightened the fiscal and monetary screws and, unlike Johnson, Nixon appears ready to maintain that firm grip even at the cost of greater unemployment. But some of his subordinates have been painfully inept, notably Treasury Secretary David Kennedy, who last week suggested for the second time since taking office that it might be necessary to impose wage and price controls if the surtax were not extended (see BUSINESS). He did this even though the President is firmly and publicly opposed to such a step. Nixon...
Rhetoric, Not Remedies. The report was stronger on rhetoric than remedies. Blaming the high (average: $70 a day) cost of hospital care on the previous Administration, it warned that the federal share of the Medicaid program of health care for the poor alone could sextuple its $2.5 billion annual cost by 1975 unless draconic measures are adopted. The HEW message proposed a combination of voluntary action by the medical profession and hospitals, plus close supervision by the Government. HEW, the report said, will increase and intensify its programs for reviewing drug utilization and effectiveness, tighten its surveillance of Medicare-Medicaid...
Despite Redmond's patent good will, there seems to be no chance that the threatened lawsuit can be averted. Redmond is already faced with the prospect of cutting faculty strength by 7,000 teachers and reducing services because of the city's inability to meet the cost of a Daley-dictated contract. Now he must also contend with an obdurate union, whose president, John Desmond, has custom, state law and the public on his side and has vowed to defend the seniority system in court...
...decided to close down the Portsmouth Naval Base, an important employer in his constituency. But the key man, one of the few Senators un committed as debate began, was Vermont's venerable George Aiken, 76, dean of Senate Republicans and a man singularly invulnerable to pressure. (The total cost of Aiken's 1968 primary campaign was $17.09 for postage; he was unopposed in the November election.) Said one anti-ABM strategist: "If we don't get Aiken...
...Ford tops its line with the sporty Ranchero, while Chevrolet counters with the El Camino. A long list of options includes air conditioning, power steering, automatic transmission, wooden steering wheels, bucket seats and high-performance engines. The price of a dolled-up pickup can approach $5,000, and the cost of the piggyback camping unit that slides into the truck bed can add another...