Word: republicanizing
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Dates: during 1970-1979
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With resentments rising, the Department of Energy last week opened hearings into the familiar but unsubstantiated charges of heating-oil profiteering by refiners, even as a group of 15 Senators, led by New York Republican Jacob Javits and New Jersey Democrat Harrison Williams, was urging Duncan to reinstate heating-oil price controls. The restrictions were lifted in 1976, but can be reimposed by Executive order at any time; the Administration's resistance to such controls could weaken as the 1980 election campaign heats...
...Republican Alan Greenspan, perhaps the most optimistic member of TIME's board, sees a roller-coaster recession: the economy, after its slight rise, will plunge steeply during the coming winter and spring. Unemployment, which has hovered at about 5.7% for the past year, inched up to 6.0% in August, and a majority of TIME'S board predict that it will reach 8% by next summer, meaning some 8 million Americans will be out of work. That is severe, of course, but not as bad as during the 1974-75 recession, when the jobless rate...
...Republican Murray Weidenbaum, a visiting scholar at the American Enterprise Institute, argues that nothing less than a series of structural changes in the economy can break inflation. He proposes measures, including reduction of Government subsidies to farmers, shippers and other interest groups and elimination of some of the federal regulation burden that discourages innovation and new business spending...
...Institute of Politics (IOP) this fall is inviting all the presidential candidates from the Democratic and Republican parties to speak at the Kennedy School of Government...
...offer him one of my Marlboros. This is not, I gather, what he wants. With beer at 90 cents a pop, dope has become cost effective, a weird Republican alternative: more bang for the buck...