Word: deferements
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...Project Independence has mainly yielded a barrel of complaints about equipment shortages that are delaying new production. Driller George Mitchell, head of a large Houston exploration company, voices a typical wildcatter's lament: "We've got six good prospects offshore Texas that we've had to defer for six to eight months already for lack of equipment." Another independent oilman, A.V. Jones of Albany, Texas, estimates that he could increase his company's new drilling by 50% if he had the necessary material. As it is, he says, "if all the wells...
Most companies are likely to want to defer expansion programs at least until they can unload the Mt. Everests of unsold goods they have accumulated. Last week the Commerce Department disclosed that largely because of the buildup of unsold autos, business inventories in October rose $5.6 billion, the biggest monthly jump so far this year. Many industries are already operating at only 80% of capacity; they see no urgent reason to increase their production potential in the face of signs that corporate profits may plunge 15% to 20% next year and so long as consumers continue to keep their hands...
...doubt and dismay are forming over Capitol Hill, and not only among Democrats. "What happened to Jerry on the way down the avenue?" asks one disgruntled G.O.P. House leader. Once one of the congressional colleagues most open to consultation, Ford is now perceived as a loner who does not defer to Congress any more than did his isolated predecessor in the White House. "I don't know what's going on down there," says a top House Republican. "I don't know who's advising...
...when alumni were generally upset with both the students and the administration, the new generation of administrators do not seem to understand several fundamental principles of alumni relations: that alumni see the key to Harvard's greatness as its ability to change and adapt with progress, that they usually defer to those in power, and that their faithfulness to an institution and an ideal cannot be severely altered by any but the most cataclysmic changes...
...steer the committee in only one direction. Aside from Strauch, most committee members point to Dean Whitlock as the most influential among their number. Whitlock, who has 26 years of administrative experience at Harvard, knows so much about how things operate in the undergraduate sphere, that members often defer...