Word: petersons
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Dates: during 1970-1979
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...housewives to flock to store food sales. Gerald Ford had his WIN (Whip Inflation Now) crusade. Now comes the Carter Administration's entry in the P.R. war against rising prices: a 16-page booklet titled A Consumer's Shopping List of Inflation Fighting Ideas. The guide's producer, Esther Peterson, 71, the feisty $51,000-a-year head of the Office of Consumer Affairs, says that the idea is "to help you cope" and to show people how to "stretch their food, housing, energy and health care dollars." Some of Peterson's advice for the inflation-worn...
...Peterson, an Assistant Secretary of Labor during the Kennedy years, was the first person to fill the White House consumer post after Lyndon Johnson created it in 1964. Reappointed by Carter, and enjoying somewhat greater clout in the Oval Office, she helped persuade the President to raise beef import quotas in June as a way to drive down meat prices, and she is lobbying for legislation to keep coffee and sugar prices low. Of her new publication she says: "It's not pabulum. It's no WIN button...
...Peterson need not have been so apologetic. Other proponents of a capital gains cut included such Democratic powers as Louisiana's Long, whose Senate committee has just begun hearings on what little remains of President Carter's tax reform proposals. Long not only urged a large capital gains reduction, but also sounded an imperative to "try to make this [tax] system less counterproductive" for business. Even Teddy Kennedy, the leader of the Senate's liberals, backed tax relief for companies. While he opposed any easing in the capital gains, he proposed an even deeper...
...Peterson recited a doleful string of 20th century U.S. examples to prove that "we are losing some of our innovative juice." In the 1950s, U.S. spending for research and development was rising at a brisk average rate of 14% a year, but in the entire four years from 1973 to 1977, R. and D. spending rose only a nearly invisible .8%. The Commerce Department issued 68,000 patents last year, down from 70,000 in 1967. Worse, 25,500 of the 1977 patents went to foreigners, vs. 14,700 ten years earlier; in the key field of business and accounting...
DIED. Ronnie Peterson, 34, Swedish racing-car ace; of injuries suffered in a fiery ten-car crash during the first lap of the Italian Formula One Grand Prix at Monza; in Milan. Starting as a "gocart" driver at the age of eight, the shy, cool-nerved Peterson eventually raced in more than 100 Grand Prix events, and this year ranked second behind Mario Andretti in the world championship driver standings. Asked if he ever became scared, Peterson, the veteran of some 30 accidents, replied, "No, not really. If I did I think I would give it up." The fatal wreck...