Word: ponts
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...central problem is that few people believe Big Business or Gigantic Government. Volcker of the Fed and Shapiro of Du Pont plus others meet in a posh resort in Hot Springs to speak of "easy money" and "the sooner we suffer the pain, the sooner we will be through it all." It would be more believable if it came from a motel in Davenport, Iowa...
...largest savings will have to come from a combination of more tax incentives for buying home insulation, wood-burning furnaces and other oil-conserving devices, and much stiffer mandatory conservation rules. A number of innovative companies, including Du Pont, A T & T and General Motors, have reduced their energy use relative to their output by 17% to 30% since the Arab oil embargo of 1973; yet many more firms have gone on giddily wasting energy. Consider the beneficial effects of a 20% surtax on the commercial use of electricity: skyscrapers that are lit up all night long and advertising signs...
...Richardson) is a promiscuous boulevardier who swings both ways. Louise's former husband (John Cunningham) is a likable fellow, pugilistic only during the marital mismatch. Estelle's man (Graham Beckel) lives in an orphanage of the mind except that he now has a Du Pont to bail...
...rising demand would encourage companies to boost output and build more plants. Says the bill's author, Pennsylvania Democrat William Moorhead: "The need for this approach is clearly established, and private enterprise is just not powerful enough to go it alone." Adds Irving Shapiro, chairman of Du Pont chemicals: "During war we declare a national emergency, pass a war powers act and give the President the authority to do things necessary to win the war. Now we should pass an energy powers act, to give the President the power to set aside unnecessary regulations and barriers to the production...
...most recent meetings between the President and a group of corporate chiefs was in March, and it went poorly. General Electric Chairman Reginald Jones, General Motors Chairman Thomas Murphy and Du Pont's Shapiro, among others, were brought to the White House with what they thought was a promise of a long session with Carter to get at basic issues. At the last minute, the ground rules were changed, and all the business leaders got was a 15-min. "photo opportunity" for the TV cameras and a brief lecture from the President on the need to support the guidelines...