Word: presy
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...Ready Answer. But the Presi dent's Council of Economic Advisers argues that no matter how high profits are, they are not adequate if they do not induce businessmen to invest in expansion programs. Other economists who agree take their reasoning out of Keynesian scripture. Lord Keynes once wrote: "Short of going over to Communism, there is no possible means of curing unemployment except by restoring to employers a proper margin of profit...
...vote on medicare, then blame the well-known coalition of Republicans and con servative Democrats in the House for kill ing it. He had good reason to believe that he could: the 64-36 Democratic majority in the Senate usually makes that body amenable. With that in mind, the Presi dent permitted his Senate leaders to attach a modified form of the King-Anderson medicare bill as an amendment to an unre lated welfare bill. This had the advantage of bypassing the Senate Finance Commit tee, headed by Medicare Foe Harry Byrd...
granting of "Harvard" diplo Radcliffe students represents change in design, not a step in process of integration, Presi- Pusey said recently...
...were determined to make it a party-line issue. Plainly, the Administration needed every vote it could get. As debate began, White House Aides Larry O'Brien, Henry Hall Wilson Jr. and Richard Dona hue stationed themselves conspicuously outside the House chamber. Their message to buttonholed Democrats: "The Presi dent really needs this one." When a Mid west Democrat seemed to be faltering, he got a sudden succession of calls from the White House. "My God," he said later, "I never got such attention before." At one point, it appeared that as many as 17 out of New York...
...AUTOS. Says American Motors Corp.'s William S. Pickett, executive vice presi dent of A.M.C. Export: "If some indus tries can't make a go of it, why in hell don't they get out of business? With fewer restrictions, trade in general would be more competitive, and it would no longer be necessary to spend millions to set up foreign subsidiaries." ∙STEEL. "Our industry has survived com petitive situations before," says one big steel executive. "Although this is a tough predicament, we can do it again by pro viding better quality, better service...