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Other proposals in the memo: reduce from 6% to 5% the pay raise scheduled for 1.4 million federal employees this fall; open more federally owned timberland to cutting by private companies in order to increase supplies and hold down the price of lumber; pledge resistance to restrictions on trade; appoint a Cabinet-level "inflation czar" to function as a sort of federal ombudsman who would call attention to excessive Government spending...

Author: /time Magazine | Title: Business: Splitting on Anti-Inflation Policy | 4/3/1978 | See Source »

...unemployment dropped to a three-year low of 6.1% in January. Last week they went so far as to urge President Carter to take some form of action. The basic, underlying rate of inflation has been stuck since mid-1975 at 6%, already an unacceptable figure. A 15-page memo circulating within the Administration warns that the base rate is about to accelerate. Can double-digit inflation be far behind...

Author: /time Magazine | Title: Business: Inflation Grows Worse | 3/27/1978 | See Source »

...about handling science segments and former Metropolitan Museum of Art Director Thomas Hoving about reporting on culture. Shanks has signed French Documentary Maker Marcel Ophuls (The Sorrow and the Pity) to film reports from Europe and former Esquire Editor Harold Hayes to oversee the editorial content. In a confidential memo to his bosses, Shanks wrote that 60 Minutes is "pontifical and humorless, and its 14-minute pieces nowadays often seem too long." He promised that 20/20 would be wittier and move faster. "We don't travel to the Coast by train any more," Shanks elaborated last week. "People perceive...

Author: /time Magazine | Title: Press: 60-Minute Dash | 3/27/1978 | See Source »

...Harvard staff has already set its sights on drawing up tentative lists of high school junior year prospects. The method of recruiting is of vital importance in convincing a student-athlete to come to an institution. For that all-important first phone contact, O'Connor has a seven-point memo concerning the "selling" of Harvard basketball. It reads, quite simply...

Author: NO WRITER ATTRIBUTED | Title: Terry O'Connor's 7-Point Plan | 3/15/1978 | See Source »

...headed by his longtime friend J. Paul Austin. At a Senate hearing, Louisiana Democrat Russell Long told Bergland, "I would call the existing sugar program a Coca-Cola program." Replied White House Aide Lynn Daft: "The Coca-Cola charge is an outrage." Still, in a July 7 memo to Carter, White House Assistant Stuart Eizenstat recommended that the President indicate his "willingness" to raise tariffs, at least to cool off Congress. Carter's reply: "Not yet -but keep me informed...

Author: /time Magazine | Title: Nation: Farmers: Beet-Red, Raising Cane | 3/13/1978 | See Source »

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