Word: nationalizes
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Dates: during 1970-1979
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...uphill fight to rally the nation behind his plan falls mainly to the President. As he renewed his campaigning for Democrats on two political trips last week, he worked in appeals for help in the inflation fight. He drew an impressive 40,000 people on a rainy day in Nashville, and he ended his speech by asking: "Will you help me with our anti-inflation program? Will you help me?" The response from the crowd was only mildly enthusiastic. The President drew louder cheers in sunny Miami when he asked a rally of some 1,000 mostly elderly citizens: "When...
Certainly Carter did not start the spiral. The blame for that is ingloriously bipartisan. The bulge began when Lyndon Johnson in 1966 failed to level with American people about the true costs of the Viet Nam War and refused to recommend an income tax increase. So the nation plunged deeply into deficit, and inflation roared from little more than 1% in the mid-'60s to 4.2% in 1968. Richard Nixon grossly worsened a bad situation by also using deficit spending and then clamping on controls; prices soared after they were lifted rising...
...anyone can beat those odds, it may be Kahn. In just 16 months at the CAB, he shredded red tape into confetti, largely deregulated the nation's airlines and restored healthy competition along with lower fares. Economist Kahn is such an impassioned deregulator that he promoted the liquidation of his own empire. He supported a bill that will weaken the powers of the CAB and phase it out of existence by 1985. Said he: "I will consider myself a success in this job if there is no job when I leave...
...nation's responsibilities are now global. The men at Blair House come from far away. But we seem to be drifting back to personal diplomacy and intimate settings where the powerbrokers can look each other in the eye. Last week Israelis and Egyptians, despite their outside spats, were expected to keep working in Blair House amid the Hepplewhite furniture, the Stuart oils and the busts of Franklin, Jefferson and Washington. The veritable crush of American heritage still seems to have some of the old magic...
When Secretary of Energy James Schlesinger arrived in China last week for a fortnight's tour of oilfields and industrial centers, he was the fourth high-level member of the Carter Administration to visit a nation that the U.S. does not formally recognize. Schlesinger was hoping to sound out Chinese leaders on ways to end that anomaly. Jimmy Carter would like to recognize the Peking regime, preferably before the 1980 presidential campaign gets fully under way, but the effort involves major diplomatic difficulties, and it may provoke a political storm in the U.S. TIME Diplomatic Correspondent Strobe Talbott...