Word: fasted
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Dates: during 1970-1979
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Carter is fast losing ground among voters with his economic policies. More surprising is the vote of no confidence in his foreign and defense policies. Until his recent get-tough approach toward the Soviet Union, his actions were too dovish for much of the electorate. Only a minority of those who expressed an opinion (44%) think he has been effective in dealing with the Russians. Responding to a related question, 48% find his policies too soft, 1% too hard, 36% just about right. More than half (53%) favor helping African countries threatened with rebellions aided by Russians or Cubans...
Short of coming up with cows that breed as fast as battery hens, there is little that the Government can do to ease the fluctuations of the ten-year beef production cycle. One stopgap measure that President Carter is now considering would be to relax import restrictions on foreign beef in order to increase supplies at meat counters. Since there is presently no world surplus of beef anyhow, lifting restrictions would probably bring in no more than 250 million Ibs. of beef on top of the 1.3 billion Ibs. that the nation already imports from Australia, New Zealand, Canada...
Rarely has the political climate changed so totally so fast on an economic issue. Only last fall, all the talk about taxes on capital gains?profits on the sale of assets such as stock, bonds and real estate?centered on prospects for a drastic increase. The Carter Administration drafted a proposal to tax all capital gains at full ordinary-income rates ?which would effectively double the tax in many cases?but eventually sent Congress a recommendation for a much smaller rise. That still worried Representative William Steiger, 40, a baby-faced Wisconsin Republican who has the gung-ho style...
American executives are becoming increasingly interested in things money cannot buy, notably a stable home life, a safe environment, a wholesome community, sun, fun and culture. For example, Mark Burns, 42, a fast-rising IBM executive in Chicago, turned down three transfers in order to raise his three children in one place. But Burns is aware that his refusals limited his possibilities at IBM, whose initials, many employees joke, stand for I've Been Moved. Hence, Burns came to the conclusion he must switch careers and now is president of a small bank on Chicago's South Side...
During World War II, the Government spurred construction of defense plants by offering "certificates of necessity," which allowed companies to deduct the costs from their taxes in only five years. Now, says Jones, the Government should permit fast write-offs for the plants that companies build in pockets of youth and minority unemployment...