Word: reductionism
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Dates: during 1990-1999
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A. I expect to lead with a program that will maximize jobs and income growth as we try to come out of this recession in the short run and, secondly, will fundamentally change the patterns of spending not only of government money but, to whatever extent we can influence it...
For years, IBM stubbornly attempted to ignore the trend away from big mainframes. Instead of adapting, it tried to protect its base: the computing dinosaurs account for 42% of IBM's revenues and about 60% of its profits. Margins on large systems were as high as 70%, although recent price...
And what solutions does he recommend? Here Figgie goes all mushy. Basically, he urges the writing of letters to Congress, the appointment of a huge commission of businesspeople to fight a "war" against debt and overspending, and a freeze on federal spending at the current level, with all revenue above...
Clinton's first Cabinet appointments reinforced the point: most are old hands in Washington and on Wall Street, chosen not for their new ideas but for their ability to sell, to Congress and financial markets, the program of public "investment" and deficit reduction on which Clinton campaigned. "Bill didn't...
Clinton emphasizes that he will watch the economic indicators through mid- January before deciding whether new deficit spending is needed. In any case, he insists, he will seek long-term deficit reduction as well as new public investments in education, job training and public works. But new spending will be...