Word: memos
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Last week a carefully argued memo, written by Moynihan and intended for the President only, was leaked to the press - and created a furor. Countering the present pessimism about civil rights, Moynihan told Nixon that Negroes, in fact, made "extraordinary progress" during the 1960s. The family income of blacks considerably increased; the number of Negroes in professional and technical jobs doubled. Moynihan allowed that bitter hostility toward whites was widespread among young blacks and that the Nixon Administration had done little to reassure the Negro community. Nevertheless, he wondered if it was not time for "a period of 'benign...
Almost all companies have devised internal economy drives. Overlooking no small economies, Boeing circulated a memo noting that the company would save $100,000 a year if all unneeded lights were turned out promptly. North American Rockwell banned the use of company planes by fewer than three executives. Allied Chemical will put out an annual report of only 16 pages compared with last year's 25. At Jones & Laughlin Steel Corp., President William Getty began personally checking the expense accounts of executives reporting...
...just saw a copy. "Mrs. John son read this statement and wrote me this note and said: 'Beloved'-and I knew the way she started off that she didn't agree with me." Now there is a man who understands his wife and her memo style. "Beloved, to step out now would be wrong for your country and I can see nothing but a lonely wasteland for your future. Your friends would be frozen in embarrassed silence, and your enemies would be jeering. I am not afraid of time or lies or defeat. I love you always...
Scrooge Is Alive. That seemed innocuous enough, but the principal of one school interpreted the word "symbolic" to mean that he should ban any references whatsoever to Christmas. He sent teachers a memo forbidding not only carols and trees but gifts and Santa Claus as well. In protest, outraged fathers marched around Coleman's home at night carrying Santa balloons, and 50 children picketed an emergency meeting of the school board. They carried signs reading SCROOGE IS ALIVE AND WELL IN MARBLEHEAD and SANTA HAS DONE NO WRONG-DONT SUSPEND HIM FROM SCHOOL...
Less extreme pessimism is being expressed even by some minority voices within the Government. Treasury Economist Herman Liebling has warned in a confidential memo that prices could rise as much as 6% next year. His reasoning: labor productivity is likely to drop while wages keep rising, intensifying cost pressure on prices. J. Dewey Daane, a member of the Federal Reserve Board, expressed doubt that price increases will slow to a "tolerable" rate even by the end of 1970, despite the Board's tight squeeze on credit...