Word: trusts
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Dates: during 1970-1979
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...National Bank, complained that "there was nothing to help solve our rate of inflation." Joseph Lanterman, chairman of Chicago's Amsted Industries, manufacturers of railroad and industrial components, asserted that "Carter has not removed any of the uncertainties that plague the economy." Irving Seaman, chairman of Sears Bank and Trust in Chicago, called Carter's address "a bland, nothing speech. I'm even more apprehensive about the economy than before...
...conglomerate, and the management of its United Artists subsidiary. With Oscar-winning smashes like Rocky and One Flew Over the Cuckoo's Nest, United Artists is Hollywood's most successful film producer. But after closing the books on their best year ever, U.A.'s entire brain trust, including Chairman Arthur Krim and President Eric Pleskow, up and quit...
...citizen on leave to the Government." Some oldtimers regard the career switchers as unprofessional. Louisiana Democrat Lindy Boggs, who was elected in 1973 to a congressional seat that her late husband Hale Boggs had held for 26 years, looks down on them as "steppingstone Congressmen." She misses the "camaraderie, trust and lifetime dedication" of the House in years past...
...relationship thawed slowly. Carter began seeking out Byrd's advice, and Byrd, his ego satisfied, began giving it more freely. Real trust developed in September when Byrd advised Carter to let go of Bert Lance. Says Byrd: "Carter listened carefully, seemed impressed with what I said, and even asked me to come back later." Now Byrd is telling the President that his approach to Congress last year was too soft-sell. With party discipline weak, advises Byrd, Carter must create his own congressional majorities by force of argument, which he has so far not done. Quips Democratic Representative John Brademas...
Thus Miller will shortly be overwhelmed by diametrically opposed advice. Conservatives like Beryl Sprinkel, executive vice president of Chicago's Harris Trust & Savings Bank, contend that the Federal Reserve should concentrate on moderating the growth of money supply and let interest rates go wherever the market takes them. Liberal economists like Arthur Okun of the Brookings Institution retort that the Fed should concentrate on holding down business borrowing costs and not worry so much about money-supply targets...