Word: reform
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Dates: during 1970-1979
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...revolt against the whole system and new cries for reform are spreading, prompted largely by the lingering effects of a recession that swelled not only the numbers on welfare but also the costs of assisting them. President Ford, for one, has said that the whole welfare program "either ought to be junked or a substitute put in its place, or the present welfare system should be tightened up very, very greatly." Jimmy Carter, former Governor of Georgia and now a candidate for the Democratic presidential nomination, agrees that "nobody on the face of the earth can make the present welfare...
POLITICAL ETHICS AND REFORM...
...have received his communications. Sore Throat claims that he is a doctor who worked in the A.M.A.'s Chicago office for about ten years. For most of this time, he says, he went along with the organization's policies. But in recent years he began agitating for reform. As a result, he says, he was given his walking papers when the A.M.A.'s combative new executive vice president, Dr. James Sammons, ordered a cutback of some 70 employees last spring. Now living in Washington, but obviously in communication with friends at A.M.A. headquarters, Sore Throat denies that...
...damage the chances for recovery abroad. Later, during the 35-nation European Security Conference in Helsinki, French President Valéry Giscard d'Estaing took Ford aside to restate his well-known position that a return to normal economic growth will not be possible without a thorough monetary reform leading to fixed exchange rates for currencies. British Prime Minister Harold Wilson, who now faces sharply rising unemployment (July rate: 4.2%) as well as a 26% annual rate of inflation, expressed the hope that improving prospects in the U.S. would boost his country's sagging economy. The Europeans...
...Joseph Pechman, a member of TIME'S Board of Economists, says that the Treasury Secretary's proposal "by and of itself will have very little impact on total savings." Pechman contends that Simon's plan should be considered only as a part of a broader tax reform package-one that would make up the $14 billion loss of revenue to the Treasury by raising the yield from other taxes...