Word: slacks
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...assign much of the blame to the White House, however, is to pass the buck. Congress has traditionally acted on the principle that slack is beautiful. And the fact is that during nearly 40 years dominated for the most part by activist, innovative Presidents, Congress grew accustomed to reacting to executive initiatives rather than originating major legislation. During the relatively quiescent Eisenhower years, Sam Rayburn in the House and Lyndon Johnson in the Senate provided strong party leadership, giving the opposition Democrats a measure of cohesion and guidance. Speaker John McCormack and Senate Leader Mike Mansfield offer no comparable direction...
...prospect of losing Okinawa. Strategically, however, removal of nuclear weapons and bombers should have little effect on overall U.S. capability. The four Polaris submarines and five Navy aircraft carriers now in the area, plus nuclear-armed planes in South Korea and possibly the Philippines, could take up the slack. A logical pullback position for long-range bombers and ground troops would be Guam, a U.S. possession 1,400 miles southeast of Okinawa...
What would take up the slack and yet provide the proper status? Economics Professor Robert Browne of Fairleigh Dickinson University had both a grievance and an ingenious thought. As he and other black militants see it, whitey has dominated vice in the U.S. for too long. Recommending that Negroes get their fair share of that action, he declared: "Racketeering, prostitution and the numbers, if they are to continue, must be put into the hands of the black community." How that might be accomplished without upsetting another militant minority, the Mafia, was left for a subsequent conference to discuss...
...social tolerances within which economic policy must operate," says Chairman Paul McCracken of the Council of Economic Advisers. "The cold-turkey treatment of sharp deflation is not available in the modern world." If the spring fever proves resistant, the Government's cures should, along with the anticipated seasonal slack, begin to show some results by summer...
...gain in output and increased exports this year. Already, about one ton of steel in every 15 sold in the U.S. is made in Japan, and Washington's urging has brought a Japanese agreement to reduce exports to the U.S. by nearly onefourth. The slack will be taken up in other markets, notably in Southeast Asia and Europe, where competition is expected to be fierce...