Word: directer
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Dates: during 1970-1979
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Undoubtedly, Lance's debts were the main thing. Last January, before he was confirmed as OMB chief, Lance looked prosperous enough. He filed a statement with the Senate committee listing his "direct liabilities" as $5,343,797, his assets as $7,968,354 and his net worth...
...Lance also promised that while he held substantial holdings in the N.B.G.. as OMB director he would "disqualify myself from participation in any matters directly involving bank regulation." But on June 28, Lance wrote to Senate Banking Committee Chairman William Proxmire opposing a proposal that would require banks and savings and loan institutions to give special priority to local community credit needs. Proxmire calls the letter "a direct violation of [Lance's] written commitment to the Senate." A spokesman for Lance argued that the letter had been drafted by OMB staff; Lance merely signed...
...detonation, unusually large quantities of radioactive neutrons are released, which are effective in killing people without destroying buildings or vehicles. They can, for example, penetrate enemy armor at considerable ranges, though such armor can be made resistant to the blast and heat of a regular nuclear explosion, except in direct or near-direct hits. "Large yield" nuclear weapons, on the other hand, are designed to enhance heat and blast-the major killing factors in the atomic bombs dropped on Japan...
...gain popular acceptance for their bills, the unions are planning a lengthy. $800,000 promotional blitz featuring newspaper ads, talk-show appearances and a massive direct-mail campaign. White House aides even solicited views of business leaders to find ways to soften opposition to labor-law reform and an increased minimum wage. Still, employers generally remain hostile to both measures. A coalition of business lobbyists, backed by a war chest of more than $1 million," is planning what the U.S. Chamber of Commerce describes as "a long and bitter battle" against the labor-reform proposals. Thus the stage...
...business scene so bracing that Commerce Department officials become ecstatic when they talk about it. The flow of foreign funds into the U.S. has crested in a seemingly endless wave that is nourishing local economies from ailing New York to the striving Sunbelt states. Since 1971 total foreign direct investment has more than doubled from $13.7 billion to an estimated $30 billion in 1976. The Western Europeans, in particular, have been snapping at every investment opportunity-Midwestern farms to outright acquisitions of sizable companies. Says Richard Roberts, a senior international investment adviser at Commerce: "This investment is the hottest thing...