Word: ecksteins
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...models of the 1960s, Williams College Economist John Sheahan concluded that "there was a convincing case that wage behavior in manufacturing became more restrained in the four years [after the establishment of the guideposts] than in the preceding decade." He drew upon independent studies by Harvard's Otto Eckstein and the Brookings Institution's George Perry...
...figures stirred some bipartisan worry among members of TIME'S Board of Economists. Republican Murray Weidenbaum of Washington University now believes economic expansion in the final three months of the year will be relatively slow, though he expects a strong pickup next year. Democrat Otto Eckstein of Harvard foresees a fourth-quarter growth rate no higher than 3.7%, and possibly as low as 2%, v. the third quarter's already disappointing 4%. As a result, Eckstein believes that the economy will need the stimulus of a new tax cut early...
...Eckstein and his family, who own nearly 20 per cent of DRI stock, will not be selling their holdings. "Maybe I'm very stupid, but I'm sitting on my shares in DRI," Eckstein said...
...Eckstein said yesterday the sale of stock, originally announced in late August, was postponed until the election Tuesday because of a drop in the stock market at the time of the announcement...
...Eckstein said he plans to continue teaching part-time at Harvard and to remain president of DRI, although he acknowledged "questions as to whether it is possible to combine teaching with directing the firm...