Word: waged
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Dates: during 1970-1979
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...actually a bent expression of too much caring, and kiddie porn (both the selling of it and the taste for it) may be just a ragged, ugly leftover of the sexual revolution. Still, the profound hostility accumulated in all that child abuse and pornography could be used to wage a medium-sized...
Anyone who is an expert at deciphering gobbledygook might lend a hand to C. Milton Allen, senior vice president of Houston's Panhandle Eastern Pipe Line Co. For the past two months, he and 15 aides have been waging a bleary-eyed battle to make sense out of not just that mumbo-jumbo masterpiece but plenty of others like it. The language is from the pricing regulations drawn up by the Council on Wage and Price Stability (COWPS) to enforce Jimmy Carter's Stage II guidelines. The rules were supposed to put some muscle into the White House...
Carter's inflation fighters did score early success in persuading unions to restrain wage demands, but last week the AFL-CIO announced plans to challenge the program in court. The federation argues that the National Labor Relations Act requires employers to bargain "in good faith" with unions, and claims that doing so is impossible if companies know they can lose federal contracts by agreeing to excessive wage increases...
This has placed a staggering burden on COWPS' 130-member staff. Though it is growing by 10 to 15 a week, the staff has a budget for only 230 employees, vs. the more than 4,500 that administered wage-price controls during the Nixon years...
Ultimately, the best hope for beating inflation is not to browbeat industry and unions but to deal with the inflationary plague that is spread by the Government. Certainly wage and price restraint is important, and Stage II is better than outright controls. But excessive Government spending, towering deficits and ever multiplying regulations are also fundamental causes of the price spiral. Says Pfizer's Pratt: "We have told the President, as most companies have, that we will abide by the guidelines. But what the Government itself is doing is a big part of the problem." In short, the nation would...