Word: timing
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Dates: during 1960-1969
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Nader today is widening his sights. A lawyer by training, he is investigating the affairs of Covington & Burling, the Washington law firm headed by former Secretary of State Dean Acheson. At one time or another, Covington & Burling has numbered among its clients 200 of the nation's 500 biggest corporations, and Nader wants to determine just how much influence the firm has inside the Government. Most of all, he is probing into the affairs of ossified federal bureaucracies. "We hear a lot about law and order on the streets," he says, with a mischievous twinkle in his eyes. "I thought...
...hazardous goods find their way into the marketplace; too much is overpriced, and too little works right. Consumer protest groups, often led by women, have been organized in many states. Longtime consumer activists profess amazement that the public has waited so long to fight back. Until lately, amateur, part-time buyers have felt unequal to challenging professional, full-time sellers. Says Peter Drucker, author of The Age of Discontinuity: "We have been a very patient people by and large. Now people are fed up, and 1 do not blame them...
...Nader had his ammunition. He sent a summary of the study to the House Agriculture Committee, which was about to hold "clean meat" hearings for the first time in eight years. He quickly wrote an article for The New Republic titled "We're Back in the Jungle"?a title that echoed Upton Sinclair's classic indictment of the meat industry 60 years ago, The Jungle. He sent press releases to newspapers located near the worst plants. As a result, Nader was deluged by letters from meat handlers, meat buyers and anonymous Agriculture Department officials. He gave tips...
Unthinkable Rate. A strong case can be made that the Government is overdoing its credit tightness and that the time has come for a change. Last week, however, a Federal Reserve official said that the board is persisting with its year-old policies. Interest rates reached yet another new high when an issue of top-rated Bell Telephone System bonds sold at 9.1%. Such a rate would have been unthinkable not long ago. The U.S. may be entering an unprecedented, fairly prolonged period of high interest rates...
...investigate them," he says. "They have forgotten what citizens look like." On rare evenings out at a party, he usually leaves early to get in a couple more hours of reading, writing or phoning at his office. Though Bachelor Nader has no antipathy to girls, he rarely has the time or inclination for dates. Says his father: "We're very proud of Ralph. But we wish he would get married soon...