Word: uncertainity
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Dates: during 1970-1979
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...first question is the easier. Just about everything went wrong. To begin with, the top management, recruited from business, was remarkably unbusinesslike. Elmer Klassen, who was Postmaster General from January 1972 to February 1975, always seemed uncertain about what the Postal Service should be. He let people go, and then, when operations deteriorated, hired others to take their place. The Postal Service, which spends 85% of its budget on labor, now employs 700,000, making it, after the Bell System, the nation's second largest corporate employer...
Presidential primary campaigns have long been something of a marathon poker game. How many chips does a candidate bet on a given state? Which elections does he pass because his cards look bad? But as the 1976 primary season approaches, the candidates are more uncertain and confused than ever. Last year's campaign-funding reforms vastly changed the rules of the game. The fat cats have been dealt out. The pot is now limited. Yet some time before the first primary is held next winter, the U.S. Supreme Court could break out an entirely new and unfamiliar deck...
...Class of 1975 is a little uncertain about its future. Because of the tightening job market, many students who would have started in on a job right after graduation have instead gone on to continue their studies at graduate schools. More students than in past years went to the Office of Career Services and Off-Campus Learning for interviews with corporation recruiters. More students took leaves of absence...
...deficit is the biggest the nation can stand. To safeguard his objective, Ford can derail some congressional spending plans. Last week he vetoed a $5.9 billion supplemental appropriations bill because it provided more money for summer jobs, greater unemployment compensation and other programs than he had requested; Democrats are uncertain that they can override the veto. Nonetheless, Congress is sure to raise spending enough to push the actual fiscal 1976 deficit to $70 billion or more. The Administration's opposition to a higher deficit was articulated by Greenspan, who told reporters: "As we go over a $60 billion deficit...
...getting any preferential treatment or respect. One fellow went around with a chestful of fruit salad, as we used to call decorations, and he wore his uniform for about a year. He is now an avowed homosexual and I suspect he was going through a fierce identity crisis. Uncertain of his masculinity, he was compelled to display it on his chest. Frank Cabot used to go around in his old army coat over Brooks suits, very pre-hip, but it wasn't seen as flaunting the military but as Boston eccentricity. Only a Cabot could pull...