Word: majority
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Dates: during 1980-1980
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...English major at Harvard ('40) and avid golfer (he shoots in the low 90s), Regan learned his hard-driving management style as a Marine lieutenant colonel during combat in the Pacific. Says Regan, whose Irish temper flares quickly at subordinates who do not meet his expectations: "I don't like laziness or sloppiness or slovenliness." After World War II, he joined Merrill Lynch, became its president in 1968 and chairman in 1971. Under his leadership, the firm, already biggest in the U.S. securities industry, became a financial supermarket with thriving new lines of business in insurance, real estate...
...Commerce, a collection of trade and technology agencies, with 48,170 employees and a 1981 fiscal budget of $2.8 billion, Baldrige's major excitement may be the challenge of bettering foreign trade. Said the Secretary-designate last week: "We are going to put a lot of emphasis on exports, productivity and getting rid of some unnecessary regulations that are smothering our job growth...
...suffer two consecutive declines. Its hard-currency debt to the West has risen to $23 billion; servicing it requires about 80% of its export revenues. Exports are down, largely because coal production is running more than 5% behind projections. Poor weather and absurdly low government price ceilings-a major disincentive to farmers-have contributed to a 12% decline in agricultural output. "Queues existed before, but now we have no food at all," complained a worker at the Ursus tractor factory outside Warsaw last week. Food exports, which earned $1.4 billion last year, have dwindled to a trickle...
...major problem, for instance, has been the defense...
Pipes is reportedly pushing for a major reorganization of the State Department to aid implementation of a Reagan foreign policy that will place greater emphasis on viewing international issues in a U.S. Soviet context...