Word: gradualism
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...inflation in the U.S. by fighting an expensive war in Viet Nam without raising anywhere near enough taxes to pay for it. The Nixon Administration's wobbly management of the economy has vastly compounded the trouble. First, the President sought to stop inflation by the orthodox medicine: a gradual slowing of the economy; the result was a recession during which prices still spiraled. In August 1971, when prices were rising at a 5% annual rate, Nixon suddenly imposed a wage-price freeze followed by the fairly effective controls of Phase II. By January 1973 the inflation rate had come down...
Alan M. Dershowitz, professor of Law at Harvard, advocated the gradual return of Palestinian territories now occupied by Israel as a solution to the problem of Palestinian refugees in an address last night...
Nine major private universities (including Harvard) have sponsored more sensible and realistic legislative proposals, designed to increase the amount of federally-insured funds available to undergraduates. The so-called Sloan Report urges a gradual repayment plan, a long-term loan system, and a lower cut-off level for federal interest benefits. Rapidly rising tuition and room and board fees lend support to these suggestions and emphasize the absolute impracticality and inequity of loan cut-backs proposed by the Nixon administration...
...energy field used to be almost leisurely," recalls Correspondent Sam Iker, whose reporting on Federal Energy Office Chief William Simon forms the nucleus of this week's cover story. As TIME'S resident expert in Washington on environment and energy stories since 1971, Iker has covered the gradual escalation of fuel-oil crunches, gasoline pinches, allocation battles and embargoes, and watched the subject of energy explode from a neglected issue into a vast and complex national crisis. "The intricacies of the oil business alone are mind-boggling," he points out, "not to mention the nuclear power situation, natural...
...Vice President admitting criminal activity was shocking enough. But with the gradual, string-by-string unraveling of Watergate, the resulting revelations indicated an astonishing pervasiveness of corruption among Nixon's political and official associates. Theirs was a lust for the enhancement of their leader carried far beyond acceptable limits. That made it all the more menacing to democracy, if less alarming to those who insisted that, after all, nothing was stolen and no one was killed. No fewer than twelve of Nixon's former aides or the hands they hired were convicted of crimes. Six others, including two Cabinet members...