Word: levelism
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Dates: during 1960-1969
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...that they must accept any available work or vocational-training opportunity. There was a good deal of tugging and hauling over the welfare proposals, mainly pitting two relatively liberal Nixon men, HEW Secretary Robert Finch and Urbanologist Daniel Patrick Moynihan, against budget-conscious Economist Arthur Burns and other Cabinet-level conservatives...
...result, which Nixon labeled "a new family-assistance system" (see box opposite), is an intriguing mixture of features aimed to please different constituencies. Liberals support the idea of a federal standard for welfare and while some find the level of payments proposed by Nixon inadequate, they are happy to have the principle of federal standards established. New York Mayor John Lindsay called the Nixon proposal Washington's "most important step forward in this field in a generation." To appease conservatives, Republican Nixon spoke of "investment," of "startup costs" to get the engine of social rehabilitation going, of work as "part...
...repercussions. The U.S. dollar should feel no strain because it still ranks as one of the world's strongest currencies, but the convalescent British pound seems certain to come under renewed speculative attack. Although London affirmed its determination to maintain the price of sterling at its present $2.40 level, financiers are divided over whether Britain has the resources to make that decision stick. At the unlikely worst, a forced devaluation of sterling could start a chain reaction of other devaluations, throwing the international monetary apparatus into chaos...
From 1950 to 1966 rebates rates were ten and eight per cent. However, in he fiscal year ending July 1, 1967, rates were cut to the present level of eight and six per cent
Brown concurred, adding that "Because their knowledge of the United States and their colleagues' countries is inconsistent it's necessary that they begin conversing on a general level. But there is a more specific focus placed on issues as they move along...