Word: czar
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Dates: during 1970-1979
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...ulcers and hysteria. Contact with a true eccentric is essential to maintaining one's sanity. The few eccentrics I've known have rescued me from the brink of self-destruction. Eccentrics hang drying pumpkin and apple slices from their livingroom ceilings. They know the words to "God Save the Czar." They are experts on the Hapsburgs. They wear Wallabees. And, if they happened to have been extremely rich and Bostonian in the 1890s, they built Venetian palaces...
...grabbing for the sweeping economic policymaking authority once wielded by departing Treasury Secretary George Shultz. The contenders are Roy Ash, 55, once president of Litton Industries, now director of the Office of Management and Budget, and William E. Simon, 46, a former Wall Street bond trader, now federal energy czar. Simon is on the verge of winning an early round: President Nixon this week is expected to name him to succeed Shultz at Treasury, a job that apparently Ash wanted. But neither man is likely to get Shultz's other titles of Economic Counsellor and chairman of the Council...
...departure is unlikely to change Administration economic policy much. The White House did not immediately announce a successor, but the leading candidate by far is Energy Czar William E. Simon (the only other names being mentioned are Roy Ash, director of the Office of Management and Budget, and John Dunlop, head of the Cost of Living Council). Simon is both a free-market advocate and an ardent admirer of Shultz, who persuaded him to come to Washington 15 months ago as No. 2 man at Treasury. Simon still nominally holds that post even while running the Federal Energy Office...
...Office of Management and Budget resent Simon's sudden prominence and independent ways (he recently said that OMB Director Roy Ash should keep his "cotton-picking hands off energy policy). Some of them have taken to making snide wisecracks about Simon: "When the President appointed an energy czar, he didn't know he was getting Ivan the Terrible...
Some figures from the Federal Energy Office sketch the situation. In January, Energy Czar William E. Simon told the recent 13-nation Washington energy conference, world oil production ran at 46.2 million bbl. per day, or 1.6 million bbl. below September, the last month before the Arab production cutbacks. FEO figures also indicate that January oil imports to the U.S. fell 1.14 million bbl. per day below September. The obvious conclusion, though Simon himself did not draw it, is that the U.S. is suffering around three-fourths of the world petroleum shortfall. Supplies available to be imported by other...