Word: brill
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Dates: during 1970-1979
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...kept it chugging along ever since. The U.S. shopper still seems insatiable, but now the experts are becoming worried about him (and, of course, her). Says a top Washington economist: "The golden question mark for the economy is, what is buried in the consumer's mind?" Echoes Daniel Brill, the Treasury's chief economist: "I'm very concerned right now about what is going through the consumer's head, as well as what is coming out of his pocket...
...Steven Brill, a graduate of Yale Law school and a regular columnist on the law with Esquire Fortnightly, said he thought the change in LSATs had its greatest effect on law schools with rolling admissions. "Rolling admissions law schools take people at the top of the curve first, which means that they take the guy with the 800s first. If a guy who took the test in July gets placed in a holding file with a 720 score, and the law school meanwhile accepts people with higher scores from the October LSATs, the 720s guy may get lost...
Another murky side of this past year's LSATs was the nature of the changes made. Cathleen Jolly, a spokesman for ETS, claims ETS designed the recent exams to be more difficult than the past LSATs in order to "give more opportunity to the students with higher ability." But Brill says the changes ETS instituted make the test harder only for some applicants. "ETS added more math, figuring that would make the test harder, which it did," Brill says. "But the people like me--people who are strong in math and who do well on standardized tests to begin with...
...biggest single expenditure in the federal budget last year, $170 billion, went not for defense or education or interest on the national debt, but for transfer payments−that is, tax money Washington takes from working Americans and gives to citizens who are retired, ill or poor. Daniel H. Brill, an Assistant Secretary of the Treasury, reports that transfer payments (Medicare, unemployment insurance, veterans and other federal pensions and the like) have risen from 6.5% or 7% of the national income in the early 1960s to 13% or 14% in recent years...
COAL. Administration officials are concerned that any coal settlement will worsen the wage spiral. Says Brill: "There are contracts for 740,000 construction workers coming up between March and June. I just hope they don't read the papers, because a lot of their wives are going to be around reminding them of that 38.8% [prospective coal wage-and-benefit increase] over three years." In addition companies will also bid up the price of nonunion coal, switch to higher-priced fuels or make up for lost work by scheduling costly overtime when the strike ends. Those moves could boost...