Word: reactional
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Dates: during 1980-1980
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...work--could work. Thus Fed Chairman Paul A. Volcker comments on the limited credit controls, "What we're talking about is not a huge part of the credit scene, but it's a showy and symbolic one." John L. Murray, president of Universal Foods, sums up the general business reaction to Carter's program when he says it is "essentially symbolic, and it's too late for symbols. Something more substantial would be in order." The Wall Street Journal acidly characterizes Carter's prescription as "Have another arsenic." Most importantly, the financial markets have not responded as hoped...
Almost completely out of keeping with the conciliatory public mood was the bitter reaction of Bishop Abel T. Muzorewa, who won only three seats despite an active and well-financed campaign. (Candidates of the other six black parties were shut out completely.) Favored by the whites because of his moderate politics, the Methodist prelate had become Rhodesia's first black Prime Minister last June after he won 51 of the 72 black seats in "internal" elections boycotted by the guerrillas. Last week's vote, he declared in an emotional press conference, had been "absolutely unfree and unfair" because...
...Every reaction should have an equal and opposite reaction, but the recent 21-per-cent jump in the value of Harvard's endowment will not affect the daily operations of the University--including tuition levels--at all, at least for several years...
...companies which are non-union and who may want to keep the unions out. If this becomes, as it is already in some cases, a managerial strategy to increase participation and improve the quality of working life in such a way as to avoid unions, of course, the reaction of many unions is going to become even more negative. Of course, there are a few union leaders like Irving Bluestone (vice president. UAW) who see that unless the unions take an active role, unless they own these participative projects, they're going to be on the further defensive and lose...
...public reaction to the show, nonetheless, has been good. Friedman says he has received a stream of letters, "on the whole about 90% favorable." In Britain, where the show is also being aired, one of the biggest fans is Prime Minister Margaret Thatcher. Last week a cartoon in Punch showed the P.M. and her Secretary of State for Industry, Sir Keith Joseph, bowing reverently before a TV set tuned in to Friedman...