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Administration experts fear that they may not be sure for another two months whether the economy is heading up or down. But well before then, Carter's voluntary wage and price guidelines will have faced some crucial tests. Foremost is the trucking industry's bargaining now under way with the Teamsters union, which is seeking pay raises as high as 38% over three years, far beyond those permitted under the guidelines. Unions generally cite rising corporate profits (see ECONOMY & BUSINESS) as one reason to demand bigger raises. Alfred Kahn, the Administration's top inflation fighter, concedes some...
...Grenada's 110,000 citizens are likely to mourn Sir Eric's hasty departure. His popularity as the island's foremost labor leader in the 1950s was soon dissipated by his authoritarian methods when he became Prime Minister in 1967. Following Grenada's independence from Britain in 1974, Queen Elizabeth knighted Gairy, though he had given himself the title of Sir Eric years before...
...peace bill comes at a time when Carter is fighting to hold down the federal budget deficit, advocates of various domestic programs are clamoring for more money, and inflation is a foremost concern of Americans. White House aides scoff at any inflationary impact of the treaty. "It's just a flea bite on that elephant," says one. But as the near euphoria over the peace treaty fades and the costs linger−and most likely increase−congressional and public resistance to paying the price could yet prove a formidable problem...
Thailand's capital, Bangkok, offered another neutral porthole for viewing the war-from 700 miles away. In the tradition of Lisbon in World War II and Beirut through the course of Middle East conflicts, Bangkok is a marketplace of intelligence and Asia's foremost rumor mill. In hopes of assembling a credible montage, diplomats and newsmen sifted through a cacophony of refugee reports, propaganda releases and tidbits of hearsay from stateless businessmen and drifters. The results were sometimes useful, but often not. Besides the Haiphong bombing, Bangkok "sources" served up the war's next most misleading report...
...more lucid moments, Bok knows better. No university can be an island, especially not Harvard. With its $1.5 billion worth of investments, with its direct conduits to the highest ranks of this country's political and business leadership, with its immense prestige as America's foremost repository and preceptor of knowledge and values, Harvard takes institutional stands every...