Word: dries
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...Data Resources, Inc. (DRI) model has been used to predict the prospects for the U.S. economy if present policies are little changed but there is a modest tax reform in 1981 reducing personal and corporate taxes. It is not a worst-case model, rather just a trend projection. For 1980-85 it sees GNP growth at 2.7%, productivity growth at 1.4%, core inflation up as actual inflation (CPI) drops, and long-term interest rates at 10.34%--all figures worse than the traditional performance level of the U.S. economy...
...phone call at 2 in the morning in Japan to say that five of your senior employees have quit causes some soul searching. It made us realize that we needed a better pension plan and a more equitable pay structure for our employees," Eckstein said. The ordinary DRI employee will benefit from the sale, he said...
...thought McGraw Hill was a good place to lodge DRI because we cannot fully capitalize on what we develop and they can," Eckstein said yesterday. "We can do more with our technology within McGraw-Hill than alone," Eckstein, head professor in Economics 10, "Principles of Economics," said...
Eckstein said McGraw-Hill's style of management would let DRI maintain its independence and develop. "McGraw-Hill, for instance, owns Business Week but they don't tell them what to print--and they won't tell DRI what to forecast about the economy," Eckstein said yesterday...
...added that despite the size of its customers, DRI was lucky to get as far as it had considering the competition if faced. "We still own the market, but we are a small company of 600 employees up against the competition of enormous companies like Control Data Corporation," Eckstein said yesterday...