Word: klutznicks
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...United States must overcome a lack of confidence and harness its many strengths to produce quality goods for trade in international markets, Phillip Klutznick, secretary of commerce in the Carter administration, told an audience of about 80 at a panel discussion at the Kennedy School forum last night...
...Klutznick expressed optimism that the U.S. could overcome the negative attitude stemming from its recent economic difficulties. "Unemployment set in, and inflation rose. Everybody started crying. They cried so much, that we overlooked our strengths," he said...
...decline has been sharpest in the Northeast and Midwest. Says Thomas Klutznick, son of Commerce Secretary Philip Klutznick and head of a development subsidiary of the Aetna Life & Casualty insurance company: "In the Chicago area, growth is static. The demand for shopping centers has tapered off." Many regions have simply become saturated with shopping malls. And because of higher gasoline prices, people now plan buying expeditions more carefully. Thus they make fewer shopping trips, especially to outlying malls...
Figures released by the Commerce Department for August showed that the nation's trade deficit continues to narrow; imports exceeded exports during the month by only $1.1 billion, the best such performance since May 1976. Commerce Secretary Philip Klutznick predicts that the deficit, which during 1979 was pared to $37.3 billion from 1978's record-breaking $39.4 billion, will drop by a further $2 billion to $3 billion this year...
Race. Affirmative action took a large step forward when the court upheld a federal law that set aside 10% of certain public construction funding for minority-owned businesses (Fullilove vs. Klutznick). Of apparently critical importance was the fact that this was a narrowly tailored remedy drawn up by Congress; the majority offered no hints about how it might view such programs designed by federal agencies or by states...