Word: seniors
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Dates: during 1970-1979
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...years ago, he was at Boston University, battling the Establishment as an activist sympathizer of the Students for a Democratic Society. Today he wears three-piece suits as a senior associate of a Manhattan-based management consulting firm. "The former radicals are an asset to business," he says. "They are aggressive as hell, they're by and large well educated, they have stamina. Business is a rigorous area in which to channel the same kind of energies we had then. And it's damn satisfying to see the results of your work on a balance sheet...
...plan that offers a tempting carrot was conceived by Arthur Okun, a Brookings Institution senior fellow and a member of TIME'S Board of Economists. In April. Brookings will hold a two-day closed-door seminar of economists to debate the Okun proposal; an open meeting of business and labor leaders is planned for midyear. Participation in his plan would be voluntary, but companies that held wage increases to 6% or less and price increases to 4% or less would be granted a 5% rebate on their federal income taxes. As an inducement for their cooperation, employees in such firms...
...discussed by the Carter Administration. At first, Charles Schultze, chief presidential economic adviser, wanted to adopt it. But then the Business Roundtable, which is composed of corporate chief executives, denounced it as unworkable, and labor leaders argued that it placed unfair restraint on collective bargaining. Thomas G. Moore, a senior fellow at Stanford's conservative Hoover Institute, dismisses both TIP plans as "gimmicks." Says he: "They are just a hidden form of wage and price controls, pure and simple." Barry Bosworth, President Carter's chief of the Council on Wage and Price Stability, complains that the Okun plan would require...
...estate of America's dollar in world markets distresses nobody so much as Economist Robert Triffin, who expressed some far-reaching opinions about it in a talk with TIME Senior Editor Marshall Loeb. His report...
Then Harvard's Mr. Clutch, senior diver Mike Toal, absolutely dazzled the crowd with three flawless dives to capture the three-meter diving crown. Toal received a standing ovation, and a nine from one judge, for his final dive. Harvard's Steve Schramm, Jamie Greacen and Craig Gavin finished fifth, seventh and tenth, respectively, to bring their team within two before the thrilling finale...