Word: programming
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Dates: during 1980-1980
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...reaction to the Carter program has been critical. Connecticut Democrat Robert Giaimo, the powerful chairman of the House Budget Committee, called it "statesmanlike." And Walter Heller, the University of Minnesota economist, approvingly observed that it was "a carefully crafted conservative program." One of its most commendable points is that despite its election-year timing, it contains more relief for business than for vote-casting individuals. Said Carter: "Now is no time for an excessive stimulus program nor for inflationary tax reductions. We must make careful investments in American productivity." The program's benefits for business will be worth about...
...steps I describe will begin a journey toward a more productive, more competitive and more prosperous American economy." With that promise, Jimmy Carter last week announced his $32.2 billion Economic Renewal Program. Immediately the policy provoked controversy. Asserted Congressman Clarence Brown, the Ohio Republican: "Too little, too late, too political." Complained Murray Weidenbaum, director of Washington University's Center for the Study of American Business: "It provides just the opposite of what the ailing economy needs...
...fact, despite the fanfare with which the program was unveiled in the White House East Room, the package contains little that is new and offers no bold economic strategy for combatting the nation's fundamental economic malady: inadequate capital investment. Above all, it does not seem to go far enough toward what is called supply-side economics, which means taking steps to stimulate more efficient output of goods and services. Instead, Carter offers an economic smorgasbord with some morsels for business, some for individual taxpayers and even some for advocates of an increased Government role in the economy...
Quality does not stop at the factory door, as buyers have found during sometimes rancorous relations with dealers. GM has thus instituted a massive program to teach mechanics how to service the new cars and has also established an arbitration procedure to settle disputes among customers, the dealers and GM. This year Ford is tripling the number of training hours usually available on a new model to dealers and their mechanics...
...huge loss in the second quarter was a shock for a company used to steady profits. Nevertheless, GM's vast financial resources should enable it to glide relatively easily over the current bumps. The company still has a massive $40 billion six-year capital-spending program. The money will pay for the development of a new GM car every six months until 1985. Following next spring's J-car, the sporty Chevrolet Camaros and Pontiac Firebirds will be down-sized in 1982. Then in the 1983 model year GM will introduce a front-wheel-drive family car that...