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...long-range implications of such plans are enormous. Lawyers will be used for "preventive care" to avoid disputes or help resolve them outside the courtroom. Litigation may well increase???but only, says A.B.A. Consultant Philip Murphy, "because individuals with rights assert them rather than sleep on them." If most citizens are educated about their rights and have private counsel to help them, predict Werner Pfennigstorf and Spencer Kimball of the American Bar Foundation, there will be "dramatic changes in the social fabric...
...rises found a generally sympathetic ear in Washington. Barry Bosworth, director of the Council on Wage and Price Stability, termed Wheeling's 7% increase "awfully big," but a COWPS official later said of the Bethlehem-Inland hikes: "With inflation running around 6%, nobody is terribly concerned about a 5.5% increase???if that's to be the only increase for 1978. If it's not, there's reason for real concern." Should the Administration stick to that line, the steelmen may yet get into a fight with Washington. Industry officials do not say out loud that they probably will raise prices...
Reagan has been under intense pressure to provide some kind of tax relief since he pushed through a $1 billion 1967 tax increase???up 25% over the previous year?whose provisions hit middle-income brackets hardest. He claimed that the additional funds were necessary to pay for the prodigal spending of his predecessor, Pat Brown, but no amount of apologizing could gainsay the fact that he had run on a pledge to keep the cost of government down. Instead, it has gone steadily up; next year's spending will increase 3.9% to $6.2 billion (though the budget will be smaller...
Other businessmen, however, see no dynamic new force on the horizon likely to send the well-fed, well-housed, abundantly equipped U.S. into a new boom. Instead, some fear that the U.S. may have to rely for domestic growth chiefly on its normal population increase???which seems to expand the economy at a disappointingly modest 3% a year. Faced with this prospect, which the economists have dourly christened "high-level stagnation." U.S. businessmen in 1962 increasingly looked abroad to markets where millions for the first time had money to spend for much beyond the bare necessities. ''When the aluminum market...
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