Word: ecksteins
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...first really strong move the United States has made," Otto Eckstein, Warburg Professor of Economics, said yesterday. Carter demonstrated the meaning of national leadership by not being afraid to injure special interest groups, he added...
...embargo will lower the standard of living in the Soviet Union, and will make clear to them that they must pay a heavy price for military interventionism," Eckstein added...
With OPEC in disarray and vulnerable, bold action by oil-importing nations to cut their dependence on foreign petroleum cannot be easily countered by cartel members. Operating through OPEC, their monopolistic, price-propping has placed an enormous and continuing burden on oil consumers everywhere. Economist Otto Eckstein, president of Data Resources Inc., estimates that OPEC'S policies have been bloating the world's oil bill by $40 billion to $60 billion a year. Says he: "We need that cartel like we need a tourniquet around our necks. Any form of free competition is going to lead...
...rising at a 13% rate for months, will be going up at a pace of 9% or a bit more next December. The economists admit, however, that they and almost all the other experts have grossly underestimated inflation's staying power in the past several years. Cracks Otto Eckstein, head of Data Resources, Inc.: "I have been predicting the inflation rate for maybe 20 years, and I must have got it right about three times...
Omeljan Pritsak, Joshua Nkomo, Lewis Brooks and Otto Eckstein...