Word: dillons
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...President met in the green-carpeted Cabinet Room with what New Frontiersmen call the "quadriad" of Administration economic thinkers: Treasury Secretary Douglas Dillon, Federal Reserve Chairman William McChesney Martin, Budget Director David E. Bell and Walter W. Heller, chairman of the President's three-man Council of Economic Advisers. Also present were officials from the Commerce Department and the Securities and Exchange Commission. What should be done? One possibility, quickly rejected, was to lower the margin requirement (the percentage of cash that a buyer has to put up to buy stocks) from the present 70%. The consensus was that...
Mullin will receive the Bingham Award in a ceremony this afternoon in the Dillon Field House lounge. The award has been made since 1954 to "the member of the graduating class who, because of his integrity, courage, leadership, and ability on the athletic field, has best served the high purposes of Harvard as best exemplified by former athletic director William J. Bingham...
Farmington's alumnae-they are called "ancients"-include Classicist Edith Hamilton, Mrs. Allen Dulles, Mrs. Douglas Dillon and Mrs. John F. Kennedy, who arrived at 15 with her mare Danseuse. She got an A-minus average and repeated warnings that she could do better...
Clearly stung by such criticism, Treasury Secretary Douglas Dillon last week answered back at a meeting of the New York Economic Club. The burden of Dillon's argument was that the real cause of the prospective budget deficits was not increased Government spending but the disappointing pace of the business recovery-which means that the Government's tax revenues will not be so large as it had anticipated. Dillon conceded that when a nation's industrial capacity is running full blast and consumer demand is strong, budget deficits "almost invariably lead to a rise in prices...
Nothing Automatic. In the light of these figures, most economists-and some businessmen-accept Dillon's thesis that Administration policy is not fostering inflation. Says Vice President Tilford C. Gaines of Chicago's First National Bank: "There is nothing automatically inflationary if the federal budget is in debt." But though they see no inflation in prospect, a number of economists point out that deficits in the administrative budget nonetheless have a damaging psychological effect-especially abroad. Says Columbia University's Professor Raymond J. Saulnier, former chairman of Dwight Eisenhower's Council of Economic Advisers: "Deficits tend...