Word: fact
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Dates: during 1970-1979
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Carter, in fact, is dissatisfied with his economic policymaking in general. One problem is that he refuses to rely on only a single adviser. As a result, his views have often shifted from one position to another as he listens first to Charles Schultze, chairman of the Council of Economic Advisers, then to Treasury Secretary W. Michael Blumenthal and finally to several other aides. Moreover, the economic advisers are unable to work well together. Kahn does not get along with his council's director, Barry Bosworth, and has set up his own little bureaucracy separate from the wage...
What had gone wrong? One theory favored by Sinologists was that Deng Xiaoping had concluded that his people had let off enough steam, and that further permissiveness by party leaders was an invitation to anarchy. In fact, China's press for the past few weeks has been filled with strange stories about youthful rebellion. In Shanghai, thousands of unemployed youths who had illegally returned from enforced stints in the countryside rioted near a city employment office in protest against the lack of jobs. According to some wall posters, unemployment had forced girls into prostitution and turned men to become...
Though the Administration optimistically asserts that decontrol will add less than .2% annually to the rise hi consumer prices, the impact could in fact be much more severe. No one really knows to what extent inflation will be aggravated by potentially limitless price rises hi a commodity so basic to the economy as petroleum, yet the nation has no real alternative to freeing up the price of crude. It seems pointless for Washington to preach to the world about the need to conserve while at the same time maintaining artificially low prices that encourage waste...
...minnow may wind up choking on the whale. In fact, Brascan may well be making its brassy bid in order to become bigger and thus harder to be swallowed up itself by a hostile outsider. Cash-rich firms like Brascan are commonly candidates for acquisition by some larger company that after taking over uses all that cash to finance the deal. Almost the same moment that Brascan revealed its bid for Woolwjrth, Canada's Edper Equities, an investment company that is controlled by Edward and Peter Bronfman, cousins of the Seagram whisky chiefs, said that it wanted to increase...
...Mankato, Minn. (pop. 32,000), Jim Chalgren, 27, and five other men were thrown out of the Trader and Trapper Discotheque in 1976 for dancing together. Now Chalgren occasionally dances with other men in bars and encounters nothing worse than name-calling. In fact, he has organized gay dances that are held every three or four months in hotel ballrooms, drawing crowds of as many as 130. But, he says, "there are people who meet at our dances who will avoid each other if they cross paths in a hardware store. It can still be a disaster to be identified...