Word: grips
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Lowest Point. Schultze will need his rapport to maintain a grip on policy. Over the years, the CEA's power has fluctuated wildly according to the performance of its chief and his relationship with the President. Chairman Leon Keyserling so angered Congress by his partisan support of Truman Administration policies that President Eisenhower let Congress put the council out of business briefly in 1953. Walter Heller played a dominant role in shaping the economic policies of the Kennedy and early Johnson Administrations, but President Nixon listened far more to his Treasury Secretaries, George Shultz and John Connally, than...
...recognize Harvard's venerable past and accept it as such, we must then look at its present. Do we choose the approach of Harvard's faculty and allow inertia to paralyze our minds and our motivation, or do we discard the indulgence of self-admiration that seems to grip the University today...
...even while the nation is looking cautiously ahead, it is also reaching back, trying to get a grip on its soul. There were cheers and gasps of admiration a few months ago for those square-riggers in the Hudson, spectacular symbols of a graceful youth. Later there were good-natured chuckles when the regulars of George Washington's command sloshed by boat across the now leaden and polluted waters of the Delaware River-as they had 200 years ago-to surprise the Hessians in Trenton the day after Christmas. In most hearts there was a residue of admiration...
Speculation about Teng's comeback was reinforced last week by the continued and conspicuous absence of Hua and his twelve-man Politburo, who did not attend the week-long ceremonies honoring Chou. Few analysts thought Hua had completely lost his grip, but many China watchers viewed his nonappearance as further evidence of a raging power struggle. Hua would certainly prefer to see the premiership go to an ally or a subordinate with less ambition than Teng, like Vice Premier Li Hsien-nien. If Teng succeeds in becoming Premier, Hua would probably remain as Chairman. But in the face...
...special IMF team was sent to London to study the situation and decide what the loan requirements should be. The team members, who lived in a hotel under false names, found anything but a country in the grip of austerity; one night they were turned away at two Soho restaurants because the tables were so crowded with customers. The IMF representatives at first wanted Britain to cut its deficit almost in half, to $9.9 billion in two years, but later settled for the $5.8 billion reduction. Yet, as TIME'S Frank Melville learned, when Chancellor of the Exchequer Denis...