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Secretary of the Treasury. Alan Greenspan, who was chairman of the Council of Economic Advisers under President Ford and helped reduce double-digit inflation to less than 5%, is a leading contender. Another is Caspar Weinberger, who was Reagan's first finance director in Sacramento and who also served as Secretary of Health, Education and Welfare under Nixon...
Facing already large tax increases, the school committee was unwilling to grant large pay increases this year. And faced with double-digit inflation, the Cambridge Teachers Association (CTA) was demanding a big hike; last week, the membership even authorized a strike if the school committee didn't give...
...such overwhelming power, the president needed safeguards to protect him from his often unruly populace. Accordingly, the constitution cleverly shelters the president from the responsibility of day-to-day politics while putting the onus of government failures on his appointed prime-minister. Blame for the country's implacable double-digit inflation and ever-rising unemployment falls on Raymond Barre, not Giscard. The government's retaliatory economics policies have become known as "The Barre Plan." Giscard operates almost invisibly, pushing Barre forward as the government's official bearer of bad news, letting him take the heat for unpopular policies. The result...
...Chilean people appear to have voted not so much for Pinochet's vision of the future as for the stability and relative prosperity of the present. Most Chileans, especially the women, who make up 56% of the electorate, still remember the critical shortages and triple-digit inflation of the Allende years. So when the sex-segregated voting booths opened last week, both men and women turned out in force, some of them nervously determined to reject Pinochet, but most willing to support him as long as the good times last. The final tally: 67.6% of voters endorsed the constitution...
...Georgia, state agricultural experts calculated that the total crop loss thus far is about $450 million. Corn, which does not pollinate in triple-digit heat, is hardest hit; but soybeans, hay, fruits and vegetables, tobacco and peanuts are also being badly damaged. Marshall Spray, an Augusta game-bird farmer, has lost more than 25,000 quail since the onset of the heat wave. Said he: "If somebody doesn't help me, I'm out of business...