Word: shultz
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Dates: during 1970-1979
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...startlingly openhanded money policy during the presidential election year of 1972. Yet one of the Nixon Administration's first acts in January was to replace the relatively successful Phase II wage-price controls with the voluntary, largely ineffective regulations of Phase III, drafted by Treasury Secretary George Shultz. At that point, in the view of many economists, the President lost whatever small chance he had to curb inflation with controls. In June the White House imposed a price freeze that eventually led to a distressing beef shortage, and last August it went on to the wage-price controls...
...other major issues of the year. Unless Nixon is completely cleared and regains his former clout, or is succeeded by Vice President Gerald Ford, the presidency may turn into a form of regency. Several strong men will use highly independent power: Henry Kissinger in foreign affairs, George Shultz in the economy, William Simon in energy and James Schlesinger in defense...
Robert Mayo to George Shultz to Weinberger...
...will say no. Their reasoning: Love is said to have been bounced from the top energy post because, after initial reluctance, he concluded that rationing was inevitable. Also, Simon retains his post as Deputy Secretary of the Treasury. That means that his immediate boss remains Treasury Secretary George Shultz, a free marketeer who is a bitter opponent of rationing...
Earlier this year, company and union leaders approached Treasury Secretary George Shultz, who is well known to them as a former arbitrator, to enlist his help in drafting a plan. Shultz put them in touch with officials of the Department of Justice, and a series of unpublicized meetings began. The plan that is emerging would not only make seniority transferable from one line of promotion to another but would also set up timetables for hiring and promoting specific numbers of nonwhite workers. It would also establish a system known as "redcircling" to ensure that no black worker who transferred into...