Word: fowlerize
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...Treasury Secretary Henry Fowler took another tack. Contingency planning, he said, should begin as soon as possible and involve poor nations as well as rich. By last week's vote, the Ten agreed not only to continue seeking some kind of reform but also to broaden deliberations by including the 20-member executive board of the International Monetary Fund. Half the board is drawn from Group of Ten nations, but the other members represent African, Arab, Asian and Latin American countries, which will now be able to insert poor-nation needs and notions into the debate and perhaps break...
...dismayed economists early this year, seems to have receded. Indeed, Commerce Secretary John T. Connor predicted last week that "unless there is a drastic change, there will be no new tax in this session of Congress" (though that qualified forecast was later hedged even more by Treasury Secretary Henry Fowler...
Died. Robert Fowler, 80, daredevil early birdman who in 1911, after only three hours of instruction, became the first to fly across the U.S. from West to East, sputtering from Los Angeles to Jacksonville, Fla., in a bamboo-and-linen Wright Brothers biplane, an odyssey that took 45 flying days and 112 days overall because of the time spent repairing his machine after literally dozens of crashes; of a cerebral hemorrhage; in San Jose, Calif...
Worried savings and loan men insist that pint-size C.D.s steal their customers, and the Administration seems to agree. Treasury Secretary Henry Fowler wants Congress to empower federal bank regulators to roll back the maximum interest to 5% on C.D.s of less than $10,000. House Banking Committee Chairman Wright Patman wants to outlaw all C.D.s on the ground that they have become "financial monsters." Congress will probably give the Johnson Administration about what Fowler asked. Whether it will act fast enough to protect savings and loan associations from heavy savings losses after their semiannual dividend payments next month...
...measures. It has no intention of slashing foreign aid, though rebellious congressional leaders are talking of reducing it by $1 billion. As for a head tax on foreign-bound U.S. tourists, who will contribute about $2.5 billion to the payments deficit this year, compared to $1.8 billion last year, Fowler said that such an idea has been "laid quietly to rest for the time being." In all, the Administration plans to continue relying on its "voluntary" restraints, which have proved to be ineffective and which put practically all the burden of reducing overseas spending on business and individual citizens...