Word: reform
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Dates: during 1970-1979
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...during most of Jimmy Carter's first year in the White House. To the public at large as well as to economists and businessmen, the contradictions appear to mirror an equally mixed-up management of the economy by the Carter Administration. Policy zigged from talking up a tough tax reform to abandoning most of it, zagged from professing unconcern about the dollar's slide to intervening actively in currency markets to prop up the greenback. Noting Carter's propensity for listening first to one economic adviser, then to another, Washington wits began quoting, accurately or not, a scathing description...
...Blumenthal who successfully promoted a fellow businessman, Textron Chairman G. William Miller, to become chairman of the Federal Reserve Board. It was Blumenthal, more than anyone else, who persuaded Carter that to try to push a sweeping tax reform program through this session of Congress would only frighten businessmen. It was Blumenthal, too, who decided in December that the time had come to intervene in money markets to halt the disorderly rout of the dollar, and who won Carter's approval to start the program while the President was traveling overseas...
...Office of Students and Youth, was a Senate aide to Walter Mondale and headed Ralph Nader's organization in Connecticut. Now a member of the House-Senate energy conference committee, he has led the fight to keep tight controls on natural gas prices and reform utility rates. Interviewed by TIME Senior Correspondent James Bell, Moffett echoed the mood of many in Congress. Excerpts...
...employment restrictions and tax rules. Coupled with a new-morality spirit of what he calls "selective obedience to the law," they encourage Americans to cheat the System when they can get away with it. Unless the Government faces up to the figures and to the need for sweeping tax reform, warns Gutmann, "an ever larger part of the total economy will go underground...
...document widespread corruption in Chicago. Exposed in a 25-part series of Sun-Times articles that began last week, four inspectors have already been suspended, and others fooled by the Mirage will surely feel the sting. In response to the revelations, Mayor Michael Bilandic also initiated a thorough reform of the inspection system...