Word: memos
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...COLC) got a warning that rising meat prices, especially of beef, could by themselves foil Nixon's desire to lower the inflation rate to 3% by year's end. The bearer of those bad tidings was C. Jackson Grayson, chairman of the Price Commission, who, in a memo, urged the Administration seriously to consider putting meat on the hoof under price regulation. His concern, though not his conclusion, was echoed by Herbert Stein, chairman of the President's Council of Economic Advisers. Says Stein: "The most immediate cloud over prices is named food, or more precisely meat...
...Outcries. The Price Commission can only recommend farm-price controls, but there are less drastic steps that it could take on its own, and members listed some in a private memo. For example, the commission could step up surveillance of supermarket profit margins, try harder to detect possible attempts to sell low-quality meat at premium prices, and insist that stores post more detailed price lists. As a last-ditch measure, the commission could clamp a temporary freeze on retail meat prices, hoping that store owners would then exert anti-inflationary pressure on their supply lines to the farmers...
...Grayson seems to doubt that any of these steps would be sufficient. In his memo to the COLC, he said that profit margins of processors and retailers whose prices are now regulated "appear to be lower than normal"-indicating that that is not the place to try exerting a squeeze. In short, the problem lies squarely with the uncontrolled raw-food prices. As retail prices continue to reflect wholesale increases, the nation's consumers are certain to begin raising new outcries for action-cries that the Administration may find it hard to ignore as Election Day nears...
Many Jews find a moral in the Jesus movement. The American Jewish Committee memo asked whether the conversions are not a "judgment" on Judaism's own lack of appeal to youth. One anxious rabbi in New Jersey plans to start teaching a Bible class. Rabbi Alexander Schindler, vice president of Reform Judaism's synagogue union, has concluded that liberal Western faiths have been "too hyperrational. Our young people want a religion which sets the soul on fire...
...spite of all this, the prize for hypocrisy in the Gulf affair probably goes to the Harvard administration. A memo by presidential assistant Steve Father published in the March 10 Gazette and supposedly representing his advice to Bok on the subject, was obviously prepared for public consumption. Its consideration of the pros and cons of divestiture, while highly informative concerning Gulf and Angola, bore no relationship to what were obviously the administration's main concerns--not just such cynical but nevertheless real questions as "Will this get those students off our backs?" but even others, more appropriate for official published...