Word: viewing
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Dates: during 1970-1979
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...result of a "perverse psychological climate." The President's shock treatment, he predicts, "will turn the situation around." It will give business leaders and consumers confidence that Carter intends to be tough in defending the dollar and fighting inflation, so that they will go on buying and investing. That view has some support even among businessmen who concede that the new program will cause them some trouble. Robert Corson, treasurer of Foxboro Co., a Massachusetts maker of controlling and recording instruments, warned his collection agents that they may have to lean harder on customers to pay their bills: "People...
...dollar sellers?basically companies and banks that acquire dollars through normal commercial operations?could see only that the inflation rate was rising in the U.S. while it was going down in other countries, and Washington in their view was doing little to check it. Different sections of the Government were even working against each other. Step-by-step increases in interest rates forced by the Fed failed to halt an inflationary increase in the U.S. money supply. So those who sold dollars regarded the sales as a can't-lose bet. Their thinking: So what if the dollar is undervalued...
...political impact of a dramatic rescue program might be to help Democrats in this week's election. Carter's advisers, however, fear that the austerity policy will provide a rallying point for opponents in the party who might challenge him in the 1980 primaries. In the President's view, that is a risk he must take. By far the greater threat to his reelection would be continued high inflation, which angers more voters than just about anything else...
...major reason for backing the Shah is the absence of credible alternatives. "If you look at them," says one Administration analyst, "they're more frightening than the crisis itself. There is no opposition capable of taking over." In this expert's view, the best-known moderate critics of the Shah are old-line nationalists who would probably be unacceptable to left-wing groups. Beyond that, the opposition includes a motley collection of small groups, ranging from the extreme left to the extreme right, that have nothing in common except the desire to bring down the Shah...
...wanted to do so. Obviously he did not, even though Begin continued to talk defiantly, even provocatively, about Israel's goals. Accepting this year's Family of Man award from the New York Council of Churches, the Premier once again challenged the U.S. (and Arab) view that East Jerusalem is occupied land. "Jerusalem," he said, "is one city, indivisible, the eternal capital of Israel and of the Jewish people...