Word: economisters
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Dates: during 1950-1959
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...pocketbooks. Strange as it may seem to Americans, the fact that he is a professor further enhances his great prestige, for in the elaborately graded system by which Teutons rate their proliferating official titles, the title of professor ranks highest of all. (West German President Theodor Heuss−another economist−is customarily introduced at banquets as "Professor Heuss, the President...
...begins at breakfast with his economist wife in their modest, government-owned home on the Venusburg overlooking Bonn. Heading for his Bonn headquarters, he dictates speeches as he rides, often stops off at a local market to check prices personally. As the Mercedes 300 lurches up to the entrance in a swirl of dust, his driver tries to get out and open the door. But Erhard is already out, Homburg in hand and cigar in mouth, charging toward the ministry entrance like a soccer forward. He waves jovially to the doorkeeper, fairly skips up the steps and down the long...
...nation's economy. Under Philippine law, separate votes are cast for President and Vice President. Many who concede Garcia will probably win the presidency think there is a good chance Laurel will be defeated by the Liberals' Diosdado Macapagal, 47. A poor boy become lawyer and economist, Macapagal claims longtime friendship with Magsaysay despite later political differences, is ambitious and able...
...multiplying twice as fast as in industrialized societies. To support the extra population these countries are least able to afford, they are forced to consume less and produce more, and are falling ever lower in living standards. Said Dr. A. Eugene Staley, Stanford Research Institute's senior international economist: "Despite all the vaunted technological and economic progress of modern times, there are probably more poverty-stricken people in the world today than there were 50 years...
Pakistan to Peoria. While poverty is as old as mankind, a new and resentful awareness of poverty on the part of millions has become one of the most powerful forces in soth century society. This "revolution of rising expectations," as Economist Staley called it, has only intensified the struggle to seek a more abundant life. In India, for example, the market for bicycles is booming upward at 30% a year, while shoe sales are rising only 4%. Explained one village bicycle salesman: "The villagers are getting lazy. They don't want to walk any more; they want bicycles." While...