Word: fording
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Dates: during 1970-1979
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...some members of the Class have swung moderately or radically to the left, the fact that slightly more than 50 per cent of the Class voted for former president Gerald R. Ford indicates that others have grown or remained conservative. Alan R. Trustman '52, author of The Thomas Crown Affair, says that spending years as a lawyer and businessman dealing with "appallingly powerful" government officials and bureaucratic regulatory agencies converted him from "a campus radical" to a member of the 1964 Massachusetts Draft Goldwater committee. George S. Ames '52, now a bank investment officer, enlisted in the armed forces, served...
...economists believe that the price spurt in the past months was due mainly to the economic effects of last winter's cold weather. Moreover, Townsend-Greenspan & Co., the New York consulting firm headed by Alan Greenspan, a member of TIME'S Board of Economists and formerly Gerald Ford's chief economic adviser, notes that "the chances of a significant acceleration in inflation rates as the economy moves into 1978 appear to be diminishing...
Will Burns be right again? Even being "right" may lie more in the eye of the observer than in some objective measure. Republican Alan Greenspan, chairman of Ford's Council of Economic Advisers, believes that Burns "has done an extraordinarily effective job, especially in the economic and political environment of the last several years." On the other hand, Brookings Institution Economist Arthur Okun, a liberal Democrat who was Lyndon Johnson's chief economist, assesses Burns' performance harshly: "There is no way to exonerate monetary policy from the disastrous economic performance of the last six years...
Though at present only about 960,000 Americans-less than 1% of the total labor force-are on shortened work weeks, the number seems destined to grow substantially in the years ahead. Last October the United Auto Workers signed a three-year contract with Ford that gives U.A.W. workers a total of 45 annual paid days off by 1979; this inspired the union's then president, Leonard Woodcock, to proclaim: "We are on the road to a four-day week. The principle is there...
...betting is that when the U.A.W. and the automakers next wrangle in 1979, the union will use its Ford contract as a springboard for demanding a real four-day week-not four days and 40 hours, but an eight-hour day, four days a week...