Word: presidental
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Dates: during 1960-1969
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Olympian Unconcern. Union economists argue that the worker has been hardest hit by inflation and is the one who will get squeezed the most in a tighter economy. A.F.L.-C.l.O. President George Meany said last week that labor would not buy Nixon's call for wage moderation. He promised...
Paul McCracken, chief of the President's Council of Economic Advisers, expects many strikes ahead, but is not too worried about their long-run effect on the economy. Indeed, some Administration policymakers profess a rather Olympian unconcern over the impact of strikes. Partly for that reason, the Administration is...
The trouble with General Electric as the testing ground for the President's hands-off policy is that the strike is as much ideological as economic. The enemy is what the unions call "Boulwarism," a labor-relations strategy unveiled in 1948 by Lemuel R. Boulware, then a G.E. vice...
Shultz's conviction that imposed agreements are often fragile and brittle closely parallels President Nixon's thinking. The Labor Secretary has a talent for translating the President's theory into policy, and that has made him one of the most powerful men in Washington. As TIME Washington...
Clever Compromises. Nixon hardly knew Shultz when he appointed him Secretary of Labor. The President was impressed by a pre-election task-force report on manpower that Shultz had written and by the enthusiastic recommendations of his closest economic advisers, Arthur Burns and Paul McCracken. Mild-mannered and professorial, the...