Word: graysons
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...though, the President's Cost of Living Council (COLC) got a warning that rising meat prices, especially of beef, could by themselves foil Nixon's desire to lower the inflation rate to 3% by year's end. The bearer of those bad tidings was C. Jackson Grayson, chairman of the Price Commission, who, in a memo, urged the Administration seriously to consider putting meat on the hoof under price regulation. His concern, though not his conclusion, was echoed by Herbert Stein, chairman of the President's Council of Economic Advisers. Says Stein: "The most immediate cloud...
...Grayson seems to doubt that any of these steps would be sufficient. In his memo to the COLC, he said that profit margins of processors and retailers whose prices are now regulated "appear to be lower than normal"-indicating that that is not the place to try exerting a squeeze. In short, the problem lies squarely with the uncontrolled raw-food prices. As retail prices continue to reflect wholesale increases, the nation's consumers are certain to begin raising new outcries for action-cries that the Administration may find it hard to ignore as Election Day nears...
...Traffic Control Medicine in St. Charles, 111., shows that ulcers are distressingly commonplace among control-tower personnel. The annual incidence in American physicians, for example, is between 2.5% and 4% Even among alcoholics, whose digestive tracts are subject to constant assaultt, the rate is only 9%. Dr. Richard Grayson has examined 111 air controllers since 1970 and reports that 77.5% had symptoms severe enough to make further tests essential; 32.5% actually had ulcers...
...really hard, but that they will soon begin to do so-and there will be increasing complaints from business leaders as their companies scrape against the profit ceilings. At that time, probably several months from now, serious talk of relaxed controls can be expected. Price Commission Chairman C. Jackson Grayson hopes that the rate of inflation will be low enough to allow controls to be scrapped when the congressional authorization for them expires next April. He would prefer that Congress not even enact stand-by power for the President to reimpose controls in event of emergency because, as he says...
...Grayson's hard line has frightened Wall Street and helped to knock the Dow Jones industrial average down 28 points in the past three weeks, to a Friday close of 941. Investors fear that Grayson will block all large profit gains by ordering wide-ranging price cuts. Some Administration officials worry that nervous businessmen might react by holding back on investments and expansion plans, hindering the economic recovery. Grayson has been warned about this concern, but the Price Commission acted anyway...