Word: forded
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Dates: during 1980-1989
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...deregulation revolution began under Presidents Ford and Carter, but the Reagan Administration embraced the idea with energetic zeal. Hack, chop, crunch! were the sounds during the early 1980s as Reagan's regulatory appointees stripped away decades' worth of business restraints like so much prickly underbrush on the President's ranch. The expense of complying with federal regulations, Reagan claimed, had cost Americans between $50 billion and $150 billion a year. After only ten days in office, he put a freeze on more than 170 pending regulations. A drastic pullback of Government involvement in business followed, especially in federal attempts...
...Roger Porter, who served as a White House aide in the Ford and Reagan Administrations, the point was brought home in Reagan's first term when Secretary of Energy Donald Hodel told the Cabinet he would like to reduce the Office of Fossil Energy to 591 people but was stymied because Congress had decreed the office could not be shrunk below 754. "The efforts by Congress to micromanage the Executive business are most unfortunate," says Porter, who now teaches a course on the presidency at Harvard. It makes for good theater in the electronic age but, in Porter's view...
Rarest of all are the deals in which the companies have sold to blacks. Coca-Cola was the first American firm to do so; in March 8,500 of its wholesalers and retailers, 60% of whom are nonwhite, bought one-third of Coke's South African subsidiary. Ford's proposed sell-off could be another such case. The carmaker is negotiating with its employees to put its interests into a trust that represents the company's 4,500 workers, 70% of whom are black...
...were out of office, they still formed quite a data bank. Melvin Laird had been Richard Nixon's Secretary of Defense and John Vessey the Chairman of Ronald Reagan's Joint Chiefs. James Schlesinger had run the CIA for Nixon and then the Defense Department for Nixon and Gerald Ford. Richard Helms had spent his career as one of the nation's top spooks. Together they were on two study missions to investigate the security breaches in the old and new American embassies...
Americans are flocking back to Europe. -- Citicorp, Ford and ITT join the exodus from South Africa. -- The Toshiba scandal grows...