Word: ackley
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...These two problems captured the attention of the meeting, which included almost everybody who is anybody among the world's money managers-from IMF Managing Director Pierre-Paul Schweitzer and Deutsche Bank Chief Hermann Abs to Morgan Guaranty Chairman Henry C. Alexander and the U.S.'s Gardner Ackley, a member of the President's Council of Economic Advisers. The more they talked, the more obvious became their conflicting goals. Nearly every important measure that Europeans take to check inflation tends to aggravate the U.S. balance-of-payments problem...
Oddly enough, the U.S. also will do less well if the Europeans succeed in tamping their inflation. Europe's rising prices have made U.S. goods more competitive in many world markets and helped to lift U.S. exports to a record $22 billion last year. Says Economist Ackley: "There's no question but that Europe's inflation has helped the American economy...
...were asked by the Joint Economic Committee of Congress to examine the question: can the U.S. achieve maximum (or full) employment as laid down in the Employment Act of 1946 and at the same time achieve stable prices? The economists' answer: No. Said University of Michigan Economist Gardner Ackley: "We cannot aim at absolutely full employment, or even 98% employment, unless we are willing to accept considerable inflation...
Homer Macauley (Mickey Rooney) is a 14-year-old Postal Telegraph boy, "the fastest-moving thing in San Joaquin valley." He supports his fatherless family, runs the 220 low hurdles in school, is fresh to his history teacher and fights with a snob, one Hubert Ackley III. After school, Homer learns to be a man. His teachers are his boss, benevolently eccentric Tom Spangler (James Craig), and old Grogan (Frank Morgan) the telegrapher, who drinks every night to forget the sad messages that come over his wire. Freckled, four-year-old Ulysses (Jack Jenkins), called "Useless" for short...
Professors Shapley and Menzel along with Professor Ernest M. Patterson of the Wharton School of the University of Pennsylvania, made separate analyses of the Ackley trial, the first of the Education Board's trials in City College cases...