Word: beryl
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...credit equal to 25% of the wages of new employees, up to $4,200 per worker. Presumably this would induce businesses to hire more people, but it would not encourage capital spending, which continues to lag. "We're all in favor of getting unemployment down," says Beryl Spnnkel, executive vice president of Harris Trust & Savings Bank in Chicago and a member of the TIME Board of Economists. "But the question is: Are we going to get it down in the long run by encouraging investment in new plant and equipment or by gimmicks...
Conservatives Weidenbaum and Beryl Sprinkel, chief economist of Harris Trust & Savings Bank in Chicago, argue that any tax cut should be permanent. Such cuts, says Weidenbaum, would "serve as a useful restraint" on proponents of "vast new expenditure programs." At the same time, he says, permanent cuts would encourage consumers to spend more money over the long run because they would have more money to keep. Monetarist Sprinkel concurs, but questions what real good any tax cut will do. "We have a $1.8 trillion economy," he says. "If anybody thinks a $10 billion or $12 billion change in taxes will...
...conservative economists, the Viet Nam experience proves that guidelines are certain to fail. Banker Beryl Sprinkel, a member of TIME'S Board of Economists, believes that guidelines distort the normal give-and-take functioning of the economy and may actually contribute to inflation by encouraging unions and companies to push wages and prices up to the guideline limits. Nobel Laureate Milton Friedman has been more caustic: "Guideposts and pleas for voluntary compliance are halfway houses whose only merit is that they can more readily be abandoned than legally imposed controls...
...Beryl W. Cohen, an attorney representing the ten women who have left the strike to go back to work at Cambion, called the strikers "a bunch of gangsters" and charged that the lives of his clients are threatened each day they go to work...
Last week, at a meeting of TIME'S Board of Economists in Manhattan, the experts divided sharply along political lines. The Democrats, led by Walter Heller and Arthur Okun, feel that the economy is behaving like an engine that could use more steam. The Republicans -Beryl Sprinkel and Murray Weiden-baum-believe that considering how much progress has already been made, the engine is working just fine...