Word: reuss
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Most worrisome of all, though, is Carter's continuing failure to set a strong direction on economic policy. "We're adrift," complains Wisconsin Democrat Henry Reuss, chairman of the House Banking Committee. "Carter will never win businessmen's confidence by saying that he wants to be loved. What businessmen respect, rightly, is mastery...
...sharpest critic is Wisconsin Democrat Henry S. Reuss, the scholarly chairman of the House Banking Committee. In a letter hand-carried by an aide to Federal Reserve Chairman Arthur Burns two weeks ago, Reuss charges that the board "has lost control of the money supply." Reuss perceives at least two dangers to the economy: 1) "a real threat of nourishing inflation in 1978," 2) a deeper stock market slump, because investors may sell shares out of fear that the board will have to slam on the brakes suddenly...
Triffin's views are echoed by other critics. Congressman Henry Reuss, the influential Wisconsin Democrat who heads the House Committee on Banking and Finance, argues that the IMF should take over more of the burden of lending to LDCS from private U.S. banks. FRB Chairman Arthur Burns called on American banks to take a hard look at their overseas lending policies. Burns spoke of borrowings "that are uncomfortably large in relation to the debt-servicing capabilities of many countries...
Such arguments do not persuade those critics. If the attitudes of Burns, Reuss and Triffin are any indication, the pressure to put more restraints on the banks' foreign lending policies can only grow in the months ahead...
Pitching is something else. Neither club has a 20-game winner. Lefthander Jerry Reuss is the best of the Pirates, and Don Gullett can go the distance for the Reds. But he probably won't. Cincinnati Manager Sparky Anderson is so quick to yank starters that he is called "Captain Hook...