Word: ceas
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...onward & upward through the Housing agencies. He mastered the gobbledygook of economic language and the fast footwork needed for intramural debate. He learned to jump out from behind corners, making Keynesian faces at businessmen. In 1946, with a boost from Harry Truman, he landed on the newly constituted CEA...
...Keyserling was concerned, the job was to report the scene so that it fitted into the political philosophy of Harry Truman's Democratic Party. Between those two points of view, Clark wavered back & forth. In the beginning, Nourse's view of the CEA as an economic transit, not a political tool, generally prevailed...
...with a Transit. For three years, good, grey Edwin Nourse, 66, a onetime vice president of Brookings Institution, had been chairman of Harry Truman's Council of Economic Advisers. The CEA had been set up to keep the President informed as to the complex economy's ups & downs and in-betweens. On the CEA with Nourse were ardent New Dealer Keyserling, 41, who helped Senator Robert Wagner write the Wagner Act, and John D. Clark, an economic and political anomaly who was onetime vice president and director of Standard Oil of Indiana...
...inconsistencies in Government lard purchase policies." The Department's Commodity Exchange Authority thought differently. Last week it charged that the memo was a trick of Moore's to spread false reports and boost prices for his own profit. At the time the memo was issued, said CEA, Moore was "long" (i.e., betting that the price would go up) on 1,900,000 pounds of lard futures. In the preceding 21 months, added CEA, Moore had made $445,000 trading in commodity futures...
...CEA gave Moore 20 days to show cause why he should not be banned from further commodity trading. (He also faces possible criminal penalties of a $10,000 fine and a year in jail...