Word: public
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Dates: during 1970-1979
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Carter's excursions are just part of a new Administration campaign to sell its energy ideas to the public. White House staffers and members of the Energy Department have formed subcommittees to pursue 13 different goals, including winning approval of the synthetic fuels bill and the windfall profits tax. Last week Carter proposed using $1.6 billion of the projected revenue from the tax next winter to help poor people pay the rising costs of heating their homes...
...help sell it like so much soda pop. Provincial self-glorification is both nourished and exported in a growing number of slick regional and city magazines. Moreover, metropolises and counties now go to exorbitant lengths to build spectacular sports arenas, convention centers and cultural palaces, ostensibly to serve the public but also as a form of chest thumping. St. Louis has constructed an enormous and now familiar arch with no clear purpose other than to provide something for the town to brag about besides the Mississippi River. Today, it seems that every place is willing to suffer almost anything...
...first public act at the Treasury, Miller spelled out the ideological ground rules of federal aid and warned other troubled companies against expecting similar help. Such assistance, he said, "is neither desirable nor appropriate, being contrary to the principle of free enterprise." But Chrysler was an unusual exception, he added, in which the Administration "recognizes that there is a public interest in sustaining [its] jobs and maintaining a strong and competitive national automotive industry...
Since earlier this year, when the bond-rating agencies downgraded the company's credit and thus effectively prevented it from raising any further funds in the public markets, Chrysler has had to live off its own flesh and bone. Following earlier sales of some or all of its interests in France, Britain, Brazil, Argentina and South Africa, the company in the past few months has announced the closing of two U.S. plants...
When Riccardo took over in 1975, the public was demanding smaller, more fuel-efficient cars, but Chrysler, unlike GM and Ford, lacked the money to retool and redesign quickly. With smaller sales than the other two automakers, Chrysler had to spend nearly twice as much per vehicle to meet Government rules. Pressed for cash, the company had to slash its budget for plant modernization...