Word: w
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Dates: during 1970-1979
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...Ralph W. Shoemaker...
...bring medical costs under control and, in the long run, to fight inflation. But his program would cost HEW a staggering $30 billion a year in addition to the current $43 billion. Although he was backed by White House domestic advisers, Califano was opposed by Treasury Secretary W. Michael Blumenthal, OMB Director James Mclntyre and Charles Schultze, Chairman of the Council of Economic Advisers. They argued for a smaller program, one that would not cost more than $15 billion to $27 billion. Whatever the President decides, Congress is distinctly cool to the idea of adding to the already inflationary budget...
When he first came to the U.S. in 1975 at the urging of a relative, Han survived on odd jobs and welfare. Last year, on his way to English lessons, Han noticed an A & W Root Beer stand for rent. The owner was so impressed with Han's determination to get into business that he gave him the place free for a year. Han took $1,000 in savings and remodeled the stand into a 40-seat restaurant...
Administration officials assert that these glowing predictions rest on unprovable assumptions. Treasury Secretary W. Michael Blumenthal claims that the Steiger amendment would cost the Government $2.2 billion in revenue a year. He and other critics insist that there are more effective ways to stimulate investment: reducing the tax on corporate profits, increasing the tax credit that companies get on spending for new plant and equipment, and easing the tax on dividends...
...community's reaction has also been one of surprise and questioning. Cambridge Mayor Thomas W. Danehy comments, "I remember reading something about it in the newspaper. But tell me, what are they trying to do? Why can't they accomplish the same thing within a department?" Danehy adds that he is probably not the best person to discuss Harvard's landlord practices in Cambridge, because he just doesn't know what's been going on. Cambridge City Councilor David C. Wylie, however, offers both optimistic and pessimistic speculations on what Harvard's new system could mean for the city. "Maybe...