Word: equalize
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Dates: during 1970-1979
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...philosophy, however, there appear to be distinct though hard-to-measure differences between the incoming and outgoing chairmen. Burns saw inflation as Public Enemy No. 1. Miller gives equal priority to reducing unemployment and has often said that price stability and full employment are not incompatible goals...
...community, and most businessmen and bankers hailed him as one of their own. Miller will have to be a miracle man to keep that universal favor; his cheering section includes both people who predict that he will be less tight on money than Burns, and others who assert with equal confidence that he will prove just as conservative and independent as the chairman he replaces. But for the moment the only discordant notes came from some American grumblers who think that Carter should have chosen a banker or economist rather than a corporate chieftain, and from the foreign exchange markets...
...Burns' errors can be traced largely to the appalling uncertainties of monetary policy; no one can ever know for sure what rate of money-supply growth is just right for the economy, nor produce it even if he did know. Congress and the White House face equal uncertainties in their own duties of economic management. It is an eternal temptation for them to blame whatever goes wrong on the Fed, and during Burns' tenure both did. It is Burns' finest accomplishment that he yielded to neither and leaves with the respect if not the agreement of both...
...Admissions Committee has deferred 1068 early applications until the regular mid-April notification date. Fitzsimmons said those applications will receive equal consideration with the pool of students applying by the regular January 1 deadline...
...these outfits have combined operating expenses of $2.9 billion a year. The older agencies?including the Interstate Commerce Commission (founded in 1887), the Federal Trade Commission (1914), the Food and Drug Administration (1931), the Civil Aeronautics Board (1938)?impose limitations on particular industries. The newer agencies?the Equal Employment Opportunity Commission (1964), the Environmental Protection Agency (1970), OSHA (1970), the Consumer Product Safety Commission (1972)?issue orders to institutions across the board. Their potential for change, and for damage, is far greater than their more circumscribed predecessors. Says Kristol: "This creates a lot of questions about...