Word: suggester
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Dates: during 1970-1979
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BERT LANCE's resignation as director of the Office of Management of Budget was an unavoidable resolution of the controversy that has surrounded him since June. The allegations of improprieties in his private banking activities suggest his integrity is less than complete, and Lance's use of a strong counterattack to defend himself at last week's Senate hearings is partially justified by the aggressive nature of the media and certain Congressional critics, but such a defense could never have made him palatable as a high government official...
...hope the excuse is not that he chose to die on a weekend. I doubt that TIME would want to suggest that, of all people, Groucho's timing...
Some bankers suggest that Lance's overdrafts violated the Federal Reserve Board's Regulation O, which limits borrowing by officers from their own banks to maximums of $30,000 for a home mortgage, $10,000 for educational expenses and $5,000 for other purposes. Even if legal, declared a Wall Street banker, the overdrafts were "a misuse of a portion of corporate assets because they were diverted to a purpose that serves the personal interests of an officer of the bank, rather than the depositors and stockholders...
...problems, says Institute President William Baroody, the son of a Lebanese immigrant, "our guys will look first for a market solution. If they can't find one, they'll seek a mixed market-Government solution. If they can't find that either, then :hey'll suggest a Government solution." One of A.E.I.'s preoccupations is pointing out the distorting effects of Government regulation on the economy. Laird's energy study goes so far as to assert that the U.S. has no energy shortage as such but a "production shortage," brought about by Government regulation...
...redistribution of land, ending federal subsidies to farmers who don't plant, and so on. But they make it clear that real hope will only come when the entire structure of world agriculture changes, so that farmers work to increase food, not profits. In the end, the authors suggest, it is not justice that we must fight for, but life itself...