Word: mid-august
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...member of the Council of Economic Advisers, Herbert Stein, an advocate of free markets, argued long and hard against controls on wages and prices. But when he was summoned in mid-August to the weekend Camp David summit at which the pay-price freeze was slapped together, he recalls, "I felt a sense of exhilaration. I left all sorts of conventional notions behind." Working almost straight through from 7 p.m. Friday to noon Saturday, he drafted position papers on the options facing President Nixon; on Saturday night he wrote summaries so trenchant that, with only slight editing, they were handed...
...midsummer, Connally was privately urging the President to switch to more intervention (while publicly ruling out controls). In this Connally formed an alliance with Federal Reserve Chairman Arthur Burns. When the President finally accepted the need to change, Connally was ready. At the fateful Camp David meeting in mid-August, he was the only man present to have a full series of proposals, contained in position papers that had been worked out by his staff. Second only to Nixon, Connally was in command at Camp David. The intellectual backdrop for the new program had been supplied by Burns; the operational...
...Association, noting that stud fees often rise dramatically with the success of previous offspring in important races, asked the Cost of Living Council to make an exception in its case. The COLC said neigh. The ruling: stud fees are levied for services rendered, and therefore must remain frozen at mid-August magnitude...
...looks like any other branch of the Jesus movement: its adherents are mostly bright-eyed, smiling teenagers, ecstatically exchanging "Bless yous," telling of drug cures, perpetually thumbing their Bibles. There is also the ubiquitous music drumming across Gospel messages, sometimes to the beat of hard rock. In mid-August, more than a thousand young followers descended on The Way Biblical Research Center in New Knoxville, Ohio (pop. 850), for a weekend of spiritual study almost continuously backgrounded by rock. Musical groups of Way believers with names like The Dove, Cookin' Mama, and one from Long Island called Pressed Down...
...TriStar so far, but its two biggest customers-TWA and Eastern-have been making arrangements to buy an almost identical plane, the McDonnell Douglas DC-10. The first DC-10s were delivered last week, and they are scheduled to go into service with American and United in mid-August. At best, Lockheed's Tri-Star will not start carrying passengers until next April...