Word: board
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Dates: during 1970-1979
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...crisis, for example, Alan Greenspan, a leading consultant and former chief presidential economic adviser, was warning us about it, joking that King Faisal's picture would soon be on all the oil storage tanks along the New Jersey Turnpike. That instinct proved to be all too prescient." The board's latest predictions are summarized in this week's Economy & Business section. One forecast is not included, though the board is unanimous about it: Economics Editor Loeb is in no danger of an energy shortage...
These are the basic forecasts of TIME'S ten-member Board of Economists, which met for a day in Manhattan last week. Each member acknowledged that predictions are particularly chancy in these mercurial tunes, and that any seemingly logical forecast could be thrown off by a severe oil crisis or some unforeseen event...
...cold winter has dulled the sex drive of sows. Because they have not produced as many piglets as usual, the price of pork chops is going up. Though the economy is vulnerable to further shocks of climate, biology or politics, the members of TIME'S bipartisan, multi-opinion board displayed a rare unanimity of views about what lies ahead for the nation...
They will have further reason to worry because the economy's decline will kill all chances of reducing the federal budget deficit from $37 billion this year to the $29 billion that Carter projects for the fiscal year beginning in October. The Board of Economists expects the deficit in fiscal 1980 to bulge to $45 billion. In fact, says Alan Greenspan, head of the economic consulting firm of Townsend-Greenspan, "Carter has a better chance of bringing in the budget below $30 billion this fiscal year than next." One reason: tax receipts this year will be up because...
...past few weeks, California Governor Jerry Brown has phoned five members of TIME'S Board of Economists. Why, he asked, did they oppose his call for a constitutional convention to devise an amendment that would force Congress to balance the budget? Recalls one of the economists: "When you say to him, 'Look, it just doesn't make a damn bit of sense,' his comeback is, 'Yes, but I want some amendment in the Constitution that reflects fiscal responsibility.' " The California legislature, by a vote of 12 to 8 in its ways and means committee...