Word: deal
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Dates: during 1970-1979
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...this week's cover story on the California tax revolt and its national repercussions, TIME'S correspondents and editors had to deal with a maze of figures about property taxes, assessments and the often stunning jump in real estate prices. For some correspondents, the statistics were academic and provoked only a mild incredulity. But for Los Angeles Bureau Chief William Rademaekers and Correspondent Joe Kane, the figures were a grim reality: as recent initiates to the California housing scene, they shared the experience and understood the bristling anger of many of the residents they interviewed...
...voters' tax-cut message places the President in something of a bind. If he cuts taxes heavily without slashing spending, he risks adding to inflation. He has already modified a proposed $25 billion income tax cut, and a shaky deal seemed to be shaping up on Capitol Hill last week for a less inflationary $15 billion reduction. Even so, the projected federal deficit would still be $53 billion, give or take a few billion, and the President declared last week: "Someone has got to hold the line on the budget, and I am determined to do so." To show that...
...from Chicago, all members of the black caucus, who angrily abstained from the vote. Complained Representative Charles Gaines: "No one took us seriously. They counted our votes. But we have been ignored while they romanced every other voting bloc in the house." The caucus members were upset over a deal engineered by ERA lobbyists with another black representative, James C. Taylor. He agreed to back the amendment in return for being named co-sponsor of the bill, thereby improving his chances of being named assistant majority leader next year...
...world prices soaring to 65¢¢ per Ib. in 1974, and overproduction has made them plunge to about 8¢. Late last year the Administration signed the International Sugar Agreement, which would use buffer stocks and export restraints to keep prices between 15¢ and 19¢ per Ib. But the ISA deal must be ratified by the Senate; and Church, who represents a big beet-grower constituency, has kept the agreement bottled up in the Foreign Economic Policy Subcommittee, of which he is chairman. He plans to hold the treaty hostage until some legislation is adopted that will give sugar growers firmer...
...dull graphics behind any network anchorman as he nightly tries to animate a subject like inflation. Boredom isn't something journalists like to acknowledge; it is merely endured. That ancient Chinese curse, "May you live in interesting times," wouldn't seem a curse to a journalist. Editors deal in novelty and discovery; the negative and less talked-about side of this is knowing when to spare the reader the overfamiliar. Newsweek editors were once oddly attached to a cynical acronym, MEGO (My Eyes Glaze Over), applied to subjects they didn't want to hear more about...