Word: tacking
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Dates: during 1970-1979
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Last week the Administration seemed ready to try a new tack and push for a six-point program of aid to the domestic industry. Treasury Under Secretary Anthony Solomon briefed industry executives and members of the congressional steel caucus on the plan that he will present to the President this week, and the main outlines-though not all the details -promptly leaked...
...House bill now goes to the Senate, where Russell Long's Finance Committee is bogged down with the energy program and may not take up Social Security until next year. When it does, the committee will tack on an amendment by Wisconsin Democrat Gaylord Nelson that would ease the tax burden on workers by making their employers pay a bigger share of Social Security cost. Under Nelson's proposal, 1978 would be the last year in which both paid the same tax: 6.05% of the first $17,700 earned by the worker. The next year, employers would pay taxes...
Although Bok declined to say exactly what tack the University would take (I'm just a poor labor lawyer and I really don't think I understand down-zoning legalities enough to explain them to you, he said), he did not exclude the possibility that the University might attempt to take the case to court, if the council should rule in favor of down-zoning in the next few weeks...
Nearly everyone seems to be rooting for hapless Australia. Just after the start there is a moment of hope: she edges ahead and tacks to starboard, taking Ted Turner and Courageous with her. But soon the two ships are driving into the haze as they tack toward the windward mark 4.5 miles away. At a distance, they sometimes resemble two white tents set side by side on a field of blue. As Australia drops behind, boredom is kept at bay on Provincetown by the practice of underdoggery, a game I know well from a boyhood spent as a diehard...
Traditionally, of course, the maker of a tender offer raises the price if his first attempt is balked. But two weeks ago, Anderson, Clayton & Co., a big food processor, became the first to try the opposite tack: it lowered its offer for Gerber Products Co., the baby-food maker, to $37 a share from an initial $40. The aim apparently was to prompt shareholders of the target company to bring pressure on management to accept the original offer. Two lawsuits have already been filed on behalf of Gerber stockholders, seeking damages from Gerber management for resisting...