Word: fording
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Dates: during 1970-1979
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Under Presidents Nixon and Ford, Schlesinger successively headed the Atomic Energy Commission, the Central Intelligence Agency and the Defense Department. To the public, he is best known as the tough-minded Defense Secretary whom President Ford purged in his 1975 Halloween "massacre." It was a lucky firing, in a way, because it made Schlesinger, a nominal Republican, available to advise Carter. The Georgian met Schlesinger for the first time during the campaign; preparing for his second televised debate with Ford, Carter asked Schlesinger, who had just returned from a trip to China, to brief him. The President...
President Ford ordered stockpiling of half a billion bbl. of oil in the U.S. by 1982. Carter will advance the date to 1980. In the event of a new embargo, that amount of oil would give the U.S. just under a one-month reserve at present consumption rates, a small but worthwhile drop in the bucket...
...more emphasis on the development of nuclear power as a major part of the solution to the U.S. energy shortage. Not so. Apparently frightened about the possibility of reactor byproducts falling into the hands of irresponsible governments or bomb-building terrorists, Carter has already chopped $200 million from Ford's leftover budget for the development of advanced breeder reactors, which produce bomb-grade plutonium even as they produce energy. The Schlesinger program will call for a modest acceleration in the building of present fission reactors and will place great emphasis on safety precautions. But it will also call...
Without notice on Nov. 2, 1975, President Ford fired Schlesinger, ostensibly because Ford felt uneasy in the presence of his harsh Defense Secretary. "Bullshit," says Schlesinger. The real reason, he suspects, was his constant questioning of Kissinger's détente policies. After his ouster, Schlesinger passed up offers of high-paying positions in industry to become a visiting scholar at Johns Hopkins University and settled into a cramped office in Washington. ("I have never done anything for money.") A request from then Candidate Jimmy Carter for advice on defense policy led to his present...
...author animates dreary economics lessons with did-you-know facts. For example it was Herbert Spencer, not Charles Darwin, who coined the phrase "survival of the fittest." The assembly line was not invented by Henry Ford but by an anonymous Frenchman who increased pin production tenfold by instituting the division of labor at his factory. Paper money is of pure Yankee lineage. When Massachusetts soldiers returned from action in the French and Indian War in 1690 they were paid not in coin but in promissory notes that could be traded for goods. The perverse alchemy by which governments turned gold...