Word: stiffeners
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President Nixon suggested in his economic speech last week that a new commission will look into the nation's import policy, seeking to reduce U.S. prices by increasjng supplies from abroad. Even as he spoke, the Government was getting ready to stiffen prices by cutting back one major category of imports: tex tiles. The U.S. has long been pushing and poking Japan and other Asian allies to reduce their textile shipments. Washington has insisted that there should be so-called voluntary quotas for all textiles; Japan has been equally adamant in offering to hold down exports of a selected...
...expand from $933 billion to $985 billion or $990 billion. A few sectors of business anticipate substantial difficulties. Auto manufacturers (except Ford) have already curtailed production a bit, and some retail merchants figure that they will have to hustle to maintain their sales volume. "The consumer is beginning to stiffen up," says Ralph Lazarus, chairman of front-ranking Federated Department Stores. "We expect that after Christmas he will become a tough buyer, more value-conscious than in a long time...
...some extent, endures today. Abroad, his military and diplomatic machinations helped ensure the continued existence of a weakened, fragmented Europe, soon to be dominated by France. The Cardinal also devised, as Historian O'Connell relates in this clear and remarkably sympathetic study, a code of royal morality to stiffen Louis XIII's spine and soothe his own (in O'Connell's view) active conscience. To protect his subjects, Richelieu lectured Louis, a sovereign must first protect the state. When the state is threatened, the first consideration is not to ensure justice but to remove the threat...
...group's goal, says Blough, is to achieve "stability" in the construction industry-an obvious euphemism for forming a united front of big corporations to stiffen contractors' resistance to union demands, even at the price of construction delays...
Hurting Consumers. Construction costs are also coming under attack from other directions. The Associated General Contractors of America, whose members build most of the nation's roads, dams, factories and skyscrapers, has devised a strike insurance plan that may go into effect next year. "It would help stiffen the resistance of a little guy who might otherwise cave in," says William E. Dunn, executive director of the A.G.C. Labor Secretary George Shultz has been meeting since May with Harvard Economist John Dunlop and other experts to explore ways to contain construction costs. Shultz hopes to induce contractors and construction...