Word: economist
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Dates: during 1950-1959
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...aspiration for eventual Puerto Rican independence until 1944. "That year," he recalls, "the Popular Party got 64% of the vote as against 38% in 1940. The Planning Board had written a paper on the economic consequences of independence, of being shut out of U.S. tariff walls. A Tariff Commission economist came down here, and I had two or three long talks with him. I said: 'Of course Puerto Rico cannot be independent in the same way as the Philippines, which have greater resources and lower population density, but let's see if it's possible to work...
Alarms & Accuracy. First compiled by Burns, now head of the National Bureau of Economic Research, the indexes have been expanded and sharpened by Bureau Economist Geoffrey Moore. As with all indicators, the diffusion indexes have produced some false alarms. But the Leading Series has forecast all the postwar recessions. Last May 1957, two months before the economy reached the peak, the Leading group nosed down to signal trouble ahead. But the real warning came last August, when the composite index of all 21 areas started a fast slide...
...week many of the lead indicators were pointing up. The Leading group is expected to show a rise for May, and climb above the 50 mark for the first time in a year. This is a good though not infallible sign that the economy has seen the worst. Said Economist Moore: "The way these indicators have behaved, an upturn in business activity should come during the second half of 1958. But business activity may not return to the peak levels of last July until late 1959 or early...
Married to a young economist named Reed R. Porter, Sylvia landed a job with a Wall Street broker who packed her off to Bermuda with ten suitcases containing $175,000 in gold coin just before the U.S. went off the gold standard in 1933. Sylvia sold the gold for pounds, purchased British bonds, brought them back to the U.S., turned them into dollars for a pretty profit. With this practical experience behind her, Sylvia in 1935 persuaded the Post to hire her as a financial reporter. Three years later the Post warily gave her a column under the byline...
Unemployment showed its first more-than-seasonal decline since the recession began (see NATIONAL AFFAIRS). Said a top Administration economist: "As far as the current indicators are concerned, it is at least a flattening out. As far as the forward-looking indicators are concerned, there is evidence of improvement. I think they justify an optimistic outlook...