Word: nations
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Dates: during 1960-1969
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Nader today is widening his sights. A lawyer by training, he is investigating the affairs of Covington & Burling, the Washington law firm headed by former Secretary of State Dean Acheson. At one time or another, Covington & Burling has numbered among its clients 200 of the nation's 500 biggest corporations, and Nader wants to determine just how much influence the firm has inside the Government. Most of all, he is probing into the affairs of ossified federal bureaucracies. "We hear a lot about law and order on the streets," he says, with a mischievous twinkle in his eyes. "I thought...
...most pampered people in history. Most companies have a self-interest in promoting product safety and performance, if only to induce customers to buy and buy again. Since the large majority of consumers do exactly that, businessmen understandably believe that they are producing the kind of merchandise that the nation wants. The average buyer probably gets more value for $1,000 spent in a current mail-order-house catalogue than in an edition of 50 years...
...slower rate. Arthur Okun, former chief of the Council of Economic Advisers, summarizes the consensus: 1970 shapes up as what could be called a 2-4-6 year -meaning 2% real growth, plus 4% inflationary growth, which would add up to a 6% gain in the gross national product. Unemployment, which unexpectedly fell in November by a half-point, to 3.4%, is expected to rise to about 41%. By Okun's reckoning, corporate profits before taxes will decline 5% or 10%, but if Congress reduces taxes as expected (see THE NATION), the decline in net profits will be only...
...suits are shiny, his shoe heels generally worn. The nation's No. 1 consumer guardian is a conspicuous non-consumer. Ralph Nader does not care much about goods or appearances, and his income rules out luxury. He earns nothing from most of his work and supports himself by writing magazine articles and making public speeches for fees of $50 to $2,500. He refuses to divulge how much he earns, lest corporations find out how many investigators, if any, he can afford to hire. He turns down occasional six-figure offers from law firms and regularly shuns pleas for product...
...Nordic captain Steve Hinkle may be one of the nation's best in the cross country event, where Platz and Ferner will supply much-needed depth. Sophomores John Boyle and Dick Compton round out the squad, which will open its season next weekend...