Word: commandant
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...goods at commissaries, where prices are often lower than in the U.S. Fresh oysters and other Stateside delicacies are flown into the area's genteel clubs and restaurants. It is a world of Southern comfort, and Southern mores. The chief beneficiary of all this is the U.S. Southern Command headquartered in the zone. The Command is ostensibly for defense of the entire Latin American region, but one of its specific tasks is defending the canal itself. Panamanians, including General Torrijos, see it more as a huge occupying army...
VANCE D. BRAND, 44, the blond, boyish-looking command-module pilot, is the quiet man of the American crew. A former Marine Corps and civilian test pilot with a degree in aeronautical engineering from the University of Colorado, he joined the astronaut corps in 1966, and was a back-up crewman for several moon flights and Skylab. One of the pluses of being involved in the joint flight, says Brand, is "having an opportunity to see how another culture operates." Among ins discoveries: spacemen are far better known in Russia than in the U.S. Not much interested in publicity inmself...
...order to cope with the inadequacies of the market, a rising number of experts urge capitalist governments to adopt some form of economic planning. But a grave problem is that command planning, in which government bureaucrats decide how much and just what goods are to be produced, is the antithesis of capitalism. Western European nations are even disillusioned with their persuasion-and-incentive plans of the 1960s, which also generally failed to anticipate the economic crises of the 1970s. Yet more and more people in the U.S. seem attracted to the idea of setting up a federal body that would...
...perceived differently. And the ability of the command economy to centralize power has an irresistible appeal for otherwise shaky leaders of developing nations. As Moynihan observes, many of the developing nations have an "interest in deprecating the economic achievements of capitalism, since none of their own managed economies are doing well...
...inflation?and risk recession?by curtailing spending and restricting the growth of money supply. Many economists indeed blame all post-World War II recessions on overly zealous anti-inflationary policy. But that criticism obscures a vital point. In a society that operates by private decision-making rather than central command, governments must make difficult judgments on the exact mix of tax, spending and money-supply policies needed to nudge businessmen and consumers into the "right" decisions on how much to buy, build and borrow. Inevitably, the fallible humans who run treasury ministries and central banks will make some wrong judgments?...