Word: bosworth
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Dates: during 1970-1979
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...guideline policy has probably held pay increases to levels below what they might have been. Thus the Administration shows every indication of sticking with the program longer. In any event the White House seems to have little choice. As COWPS Director Barry Bosworth admits: "We seem to have run out of ideas...
...case, the company has the last laugh. One of its executives was suffering from a bad case of flu when he met with COWPS officials in Washington after the President's phone call. Some time later COWPS Director Barry Bosworth and several other agency officials were put to bed with what their colleagues are calling "Sears' revenge...
...listens first to Charles Schultze, chairman of the Council of Economic Advisers, then to Treasury Secretary W. Michael Blumenthal and finally to several other aides. Moreover, the economic advisers are unable to work well together. Kahn does not get along with his council's director, Barry Bosworth, and has set up his own little bureaucracy separate from the wage and price guidelines program a block away. Blumenthal has been squabbling with Trade Negotiator Robert Strauss. At a Cabinet meeting last month, the Treasury Secretary accused Strauss of having worked out a sweetheart deal with the textile industry that limits...
...President, his chief inflation fighter Alfred Kahn and other Administration officials that no such move is contemplated. Thus corporations are pushing up prices earlier and higher than they ordinarily would as a hedge against being caught by controls "with their prices down." As a result, says COWPS Director Barry Bosworth, the Administration is tightening up on its price standards, which are becoming less and less voluntary...
...example, COWPS will now require all companies with annual sales of more than $250 million, including those that produce prescription drugs, cement, and electric motors, to file quarterly reports on price actions, including any price changes being considered for the future. Bosworth frankly admits that there has been plenty of mismanagement of the price standards. Yet he insists: "The answer is not to abandon the program. We've lost a lot of time, but we've got to get a better flow of information...