Word: economisters
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Dates: during 1950-1959
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Since the defeated United Party largely appeals to the 1,200,000 English-speaking South Africans, while the Nationalists concentrate on the 1,650,000 Boer descendants who speak Afrikaans, the London Economist was moved to wonder whether the Afrikaners had emerged as the master race, "with the English, the Coloureds, the Indians and the Natives as a descending order of inferior castes." Premier Strijdom, in his victory speech, announced his conviction that South Africa as a "republic is coming sooner than the United Party expects...
EVERY businessman has his pet phrase for the slump-the "saucer recession," the "polkadot recession," etc., etc. It is also the recession where more statistics get more microscopic study than ever before, as every economist-amateur or professional-searches to discover whether the U.S. economy is going up, down or sideways. The only trouble is that statistics, like dry martinis, should be handled with care. For a prime example of how befuddling statistics can be, see BUSINESS, Unemployment Figures...
Nevertheless, the Census Bureau has already made changes that raise a doubt about this continuity. Many an economist has estimated that the current recession is worse than 1949-50 or 1953-54 because the unemployed percentages appear bigger. But the figures are not completely comparable, because both the definition and the sample have changed. Until last year, the census takers counted all workers laid off for 30 days or less as employed. Last year the rules were changed to count such workers as unemployed. In this fashion, the statisticians arbitrarily added another 250,000 to the unemployment totals. While...
...Russia had outsmarted the West, and that Dulles' statement that the U.S. had considered renouncing tests itself just made matters worse. "A boxer who has just received a crisp and efficient blow on the jaw recovers no points by claiming that he saw it coming." snapped the London Economist...
...United Auto Workers aggressively presented their new wage demands to Ford and Chrysler last week, Detroit's worried automakers got some sound advice from Harvard University. Said Economist Sumner Slichter: "The auto companies would be wise to maintain a united front that would sooner or later lead to industry-wide bargaining...