Word: shultz
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Dates: during 1970-1979
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High Pique. No one seemed more astounded by the President's latest turnabout than his chief economic adviser, Treasury Secretary George Shultz, who happened to be attending an international trade meeting in Tokyo. Normally granite calm in any circumstance, Shultz put on a show of high pique from across the Pacific. Laird, said Shultz, "can keep his cotton-pickin' hands off economic policy." The tax plans described by the domestic-affairs chief were "out of tune with everything that had been discussed" before Shultz left on his trip. Moreover, said the Treasury Secretary, "Laird always sounds off about...
...fact, the Great Tax Drama was eerily reminiscent of an episode involving many of the President's same advisers last spring, when Shultz was attending an international bankers meeting in Paris. Just before leaving, he had drafted what he thought would be a swift transition from the collapsing Phase III to Phase IV. Suddenly Laird, then newly appointed, entered the scene, remarking for the first time in public that tighter controls were under consideration. The idea of a temporary freeze was especially favored by former Treasury Secretary John Connally−who last week just happened to hold his first...
...with one-fourth of the total U.S. wheat crop for a cool $ 1 billion-causing shortages and price rises that are still unchecked. Asked last week about reports that a loaf of bread from American wheat costs less in Moscow than in Washington, D.C., Treasury Secretary George P. Shultz admitted that the U.S. had been "burned" and added: "If we are burned the first time, why, maybe they did it. But if we get burned twice, that is our fault, and we shouldn't have that happen." Senator Walter Huddleston of Kentucky announced even worse treacheries. Now that wheat...
...that food-price inflation from now on will weigh more heavily in unionists' minds. Last week's news did nothing to dispel that fear. The Government reported that the consumer food-price index for July jumped .8%, even though prices supposedly were frozen, and Treasury Secretary George Shultz warned that the August increase in the Wholesale Price Index will be "astounding." Even in advance of settling with their unions, auto-and steelmakers are asking for price increases under Phase IV rules; the Cost of Living Council will hold hearings on their requests this week...
...markup. Cost of Living Council Director John T. Dunlop complained to friends last week, however, that he is having difficulty recruiting people to check up on price boosters. Prospective employees apparently believe that the program will be dropped in a few months, leaving them without jobs. Treasury Secretary George Shultz did nothing to discourage such speculation by declaring last week that he will oppose any extension of the Economic Stabilization Act, which gives the Administration authority to control wages and prices, beyond its expiration date next April...