Word: nationalizes
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Dates: during 1970-1979
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Most thoughtful Americans - particularly those old enough to have seen the nation at its best - are likely to agree. That adviser to many Presidents, Lawyer Clark Clifford, does. "I don't think there's been any radical change in the American character," he says. And ever buoyant Hubert Humphrey, mulling the Marshall Plan days last week, ventured a feeling that seems typical in Washington: "I think we would do it over again - if the same circumstances existed...
Burns, at 73, is in an interesting and incongruous position of power. As Federal Reserve boss, he is at the controls of monetary policy, which is the key to the pace of the nation's economic recovery, and thus has enormous influence on jobs, prices, profits-and, ultimately, politics. What is intriguing is that he now wields this power in a Washington ruled by a Democratic Administration that suddenly finds him and his tight-fisted ways essential to its goals...
...that Carter has decided to reappoint Burns Federal Reserve chairman when his second four-year term expires in January. Press Secretary Jody Powell says that his boss has not even begun to consider the succession at the Federal Reserve. But liberals, who want one of their own at the nation's central bank, are unconvinced...
...seemed simple. The Justice Department decided that a rash of acquisitions by ITT, the big conglomerate, did violence to the antitrust laws. Justice decreed that the firm could keep the Hartford Fire Insurance Co. and some smaller firms if it would divest itself of Avis, the nation's No. 2 car-rental firm, within three years. Since then the effort to sell off Avis has become bogged down in byzantine legal maneuvering that, if nothing else, sharply underscores the difficulties of pursuing a vigorous antitrust policy...
...physical fitness is upon us like a wet spaniel, bigger than talking to plants, more numbing in the fervor of its adherents than encounter-group therapy. This is a startling development for the nation that invented the electric golf cart, the pushbutton car window and the drive-in mortuary, but it is happening...