Word: growths
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Dates: during 1970-1979
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Jarvis ridiculed Headlee's claim that his proposal is the more responsible of the two because it would stabilize tax rates and allow for balanced growth and not require cuts in essential services. Retorted Jarvis: "One is a political petition and the other one a people's petition. Whom do you trust, the politicians or the people? They are not the government. You are the government. We want taxes to go down, not up and not sideways...
...Tokyo, Prime Minister Takeo Fukuda announced that he expected appreciation in Bonn for Japan's efforts to reduce its huge surpluses by restraining exports and prodding domestic activity to a 7% growth. Other Japanese policymakers, however, complained that Tokyo's labors will come to naught unless Washington helps out by controlling the dollar. "It will all be in vain if the U.S. does not cooperate," said Economic Planning Agency Director Kiichi Miyazawa. "The fact that our surpluses continue to increase despite our efforts is due mainly to U.S. foot-dragging on her energy problem and inflation." (Another cause...
White House approval of Schmidt's boa is not necessarily a harbinger of sweetness and light at Bonn. The personal relationship between Schmidt and Carter has been poor and has only recently begun to improve, and the West German offer to increase growth if the U.S. moves to solve its deficit problems will probably not be enough to satisfy Washington. The President, though, will have an unexpected new argument to present to the Chancellor. The biggest source of the U.S. trade deficit is not oil but industrial imports from West Germany and Japan (see chart). Department of Commerce figures...
...Administration's case is that U.S. consumption of more goods from Germany and Japan puts a moral burden on those countries to stimulate growth at home. West Germany will not be easily sold by that argument and will contend that the U.S. import trend is only recent and largely technical. "It won't wash," scoffed a top Schmidt aide. "For both economic and psychological reasons, Washington must tighten the U.S. belt on energy." In the end, politics may help save the day. As host and European spokesman, Schmidt will be personally anxious to avoid a failure...
Executive safety is becoming not only a worry but also a growth industry...