Word: controls
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Dates: during 1970-1970
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...sided" because it did not consider the "needs of individual communities" in the recession, and did not mention the paper companies' support of other environmental programs. But the industry association also admitted that the report's net effect would be to help speed installation of pollution-control equipment...
...analysts, the Council's staff of 20 interviews company officials, spot-checks the results for accuracy (both in the field and with outside specialists) and then compiles its surveys. So far, C.E.P. has issued six reports, covering corporate performance in military contracting, minority hiring and, most frequently, pollution control...
...began last month. The defendants, to be sure, were self-styled revolutionaries, clenching their fists defiantly and spouting obscenities at law enforcement officials to prove their credentials. Still, many observers felt that able defense attorneys like Michael Tigar (TIME, Dec. 14) and a cautious judge like Boldt could control any courtroom antics...
Highway Robbery. For automakers, 1970 was the toughest year in at least a decade. Buyers spurned big models in favor of less profitable compacts, minicars and fast-increasing imports (now 15% of the U.S. domestic market). Restive dealers grumbled over what they considered to be excessive factory control, reductions in their price markups, and the "dumping" of unwanted cars on their sales lots. Discontented customers demanded more reliability and easier repair-at a time when management found it increasingly hard to maintain quality output in their plants, in great part because of worker unrest. The eight-week strike against General...
Change in Psychology. Most of 1970's economic headaches, however, were caused by the deliberate action of Government. In its belated battle to control inflation, the Federal Reserve Board had set its monetary dial at "full stop" in mid-1969. Between then and February of this year, the board squeezed the nation's money supply so severely that it rose at an annual rate of only .2%. The effect was to throttle bank lending, drive interest rates to their highest level since the Civil War, and ultimately to slow down business in general...