Word: shultz
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Never before the Nixon Administration have so many public servants served so brief a time in office. Of the top White House aides, only three have stayed on the job without a break: Henry Kissinger, Patrick Buchanan, Ronald Ziegler. Of the original Cabinet, only George Shultz remains, and he has shifted from Labor to Treasury. Nixon now holds the record for Cabinet appointments: 31 in five years; a close competitor is Franklin D. Roosevelt, who appointed 25, but then F.D.R. served more than three terms...
...toward rationing. At least it ruled out the most obvious alternative: piling heavy new taxes on gasoline in order to curb consumption. Members bowed to "political reality," as one put it, and concluded that such a boast could not get through Congress in an inflationary period. Treasury Secretary George Shultz, who argued to the end for the tax plan, finally agreed to have the group study a number of possible rationing plans. The leading one is the so-called "white market" system (TIME, Dec. 3), which would permit motorists to buy or sell ration coupons through official exchanges that could...
...forestall the time when energies would be insufficient to support the burgeoning nation. Governments have not only missed the handwriting on the wall; they have scarcely been able to detect the wall. Former Secretary of the Interior Stewart Udall recently put the dilemma in concrete terms: "Treasury Secretary George Shultz asserted that we would have to crank up a 'crash plan' to develop our own resources to 'cool the swagger of the Arab nations.' Yet it is we who are the swaggerers-and the energy pigs as well. We are consuming nearly one-third...
...emphasized granting exemptions when industry leaders promised reasonable price stability in exchange. Now the Administration hope is that by allowing prices to rise, the COLC will encourage companies to expand production and let domestic buyers compete with foreign purchasers, who can already pay any price that they wish. Explains Shultz: "Sometimes it makes sense to peel off [controls] even if you know there will be some large price increases...
...wage decisions. Policymakers are intensely debating just what powers should be given to this agency. Federal Reserve Board Chairman Arthur Burns has proposed making it a permanent "wage-price review board," which would watch for egregious increases and then try to "jawbone" companies or unions into rescinding them. Shultz and Stein oppose jawboning because they think that it interferes with market forces and cannot be used fairly. They believe that a new agency should concentrate on stopping inflationary actions taken by the Government. In the recent past, bureaucratic infighting helped temper prices. Earlier this year, for example, the COLC practically...