Word: hope
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Dates: during 1970-1979
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...spending for pet programs." Adds Beryl Sprinkel, executive vice president of Chicago's Harris Bank: "The key question is, what happens when unemployment starts moving up to 7% or 7.5%? Will the Administration have the guts to hang in with a moderate policy that provides some long-term hope that we will get inflation down...
Ultimately, the best hope for beating inflation is not to browbeat industry and unions but to deal with the inflationary plague that is spread by the Government. Certainly wage and price restraint is important, and Stage II is better than outright controls. But excessive Government spending, towering deficits and ever multiplying regulations are also fundamental causes of the price spiral. Says Pfizer's Pratt: "We have told the President, as most companies have, that we will abide by the guidelines. But what the Government itself is doing is a big part of the problem." In short, the nation would...
Mick Jones, who writes most of the Clash repertoire with Strummer, hopes that their music can be "an il lumination." Such an ambition might seem unsuitably lofty but for the fact that the group comes from a tradition that uses music not only as an outlet but as a force, an effective instrument of social change. "The record company's making out we're politicians, and that's a load of stuff," sneers Strummer, but Jones may cut a little closer when he recalls the title of his school song, Servants of the State...
...University is betting it will be worth at least a quarter of a billion dollars over the next five years. Assuming the Corporation formally agrees--which now seems almost certain--Harvard will launch a five-year, $250-million fund drive some time this fall, a grand scheme that administrators hope will bolster Harvard's massive $1.4 billion endowment in the face of relentless inflation...
Planners also hope higher faculty salaries will make academic jobs more attractive to graduating students who now flock to lucrative professional jobs. The fund drive will "specifically provide" for increased funding of junior faculty positions, says Alfred M. Gibbens, director of development...