Word: much
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Dates: during 1960-1969
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...member of the three-man council and George Schultz to become Labor Secretary. His closeness to Nixon raises a somewhat ironic problem. The Federal Reserve is supposed to be independent of the President, and those who cherish this concept usually worry that the President might put too much pressure on the Board. In Burns' case, the question might rather be whether the Federal Reserve chairman would put pressure on the President...
...computerized job bank that would list jobs offered by employers all over the country to aid in placement of the unemployed. On the other hand, the President sent to Congress a billion-dollar program to combat hunger, despite Burns' strenuous objections that it was unnecessary and cost too much. To intimates, Burns has characterized Nixon's Urban Affairs adviser Pat Moynihan in one word: "Spender...
...back when those expectations were frustrated. True, some industries profit from the war. But investors are well aware that, contrary to the cruel myth that capitalism generally thrives on war, the Viet Nam engagement aggravates social tensions that are bad for business. They also consider that war spending causes much of the inflation that the Federal Reserve's credit re-straints are designed to a combat...
...Game. Undaunted, companies go right on turning out new products. Last week Honeywell introduced a $10,600 "kitchen computer" programmed to help the U.S. housewife plan her meals and balance her checkbook. Though Honeywell might sell some to millionaires who have everything, the product could be the precursor of much cheaper small computers for the home; other companies are already working on the idea. Singer recently announced that its Friden office-equipment division will bring out at least one new product a month for the next year. "Developing new products is like a gigantic crap game," says Boone Gross, former...
...differential between U.S. and foreign seamen. The rationale has been that U.S. citizens sailing on American ships help narrow the balance of payments deficit by spending their ticket money with domestic instead of foreign companies. It is doubtful, however, that the balance of payments gains are worth spending so much taxpayers' money in the form of subsidies...