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When Otto Eckstein, Professor of Economics, founded Data Resources Inc. (DRI) in 1969 he probably knew that he would be at the forefront of the now booming econometric forecasting business. But what he probably did not know is that he would be the leader of a flock of Harvard professors who are currently going outside the University to supplement their academic salaries. "I could never live on my academic salary," says Eckstein. "Indeed I don't see how anyone...
Eckstein, as president and founder of DRI, one of the largest economic forecasting operations in the world, is undoubtedly the emperor of the Harvard consulting network. What lies behind his success is the invention of a computer system which uses statistical analysis to predict economic outcomes. The firm became such a success that Eckstein found he could not run the company and maintain his academic committments, and worked out a special "half time" arrangement with Dean Rosovsky in 1972. Eckstein now teaches just Economics 10, "Principles of Economics," and a graduate course in economic theory...
...computer expert who has worked for DRI calls the operation "incredible." "They have one of the largest computer selections in the world, and the computer alone must be worth over $5 million," he said...
...list of DRI clients "reads like a list of who's who in American business," the New York Times reported. Eckstein says that included in the more than 600 clients are Union Carbide, Harris Trust and Savings, Shell Oil, Morgan Guaranty Trust and Xerox. Some of the firm's government clients are the President's Council on Economic Advisors, the United States Treasury and the Canadian Ministry of Finance...
...articles of impeachment that seemed un likely to win support from a majority of their colleagues. Father Robert Drinan, a Massachusetts Democrat, argued that it was wrong not to cite Nixon for the secret bombing of Cambodia just because it would not "fly" or "play in Peoria." Asked Dri nan: "How can we impeach the President for concealing a burglary but not for concealing a massive bombing?" Surprisingly, New York Republican Henry Smith, considered wholly against impeachment, indicated that the Cambodia bombing was the one Nixon offense that he might consider impeachable. Mezvinsky urged that Nixon be cited for income...