Word: economists
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Dates: during 1950-1959
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Last week, in a calm, sober study, Roy L. Reierson, vice president and chief economist of Manhattan's Bankers Trust Co., concluded that the bearish worries had far outrun the possibilities. "There is some feeling that the American economy may, within the next few years, be engulfed by a speculative, inflationary burst involving a flight out of dollars and money assets and into tangible property, gold or equities. The odds do not seem to favor such a prospect at this time...
...labor shortage as working-age population rises. What the bank expects is a relatively stable growth pattern over the next five years, with prices rising a modest 1% or 2% each year. Any further acceleration in prices could be crimped politically by Government controls or higher taxes. "Thus," concludes Economist Reierson, "unless the U.S. adopts fiscal irresponsibility as a way of life or, of course, we become involved in another war, an inflationary binge appears unlikely...
...committed to spend $4 billion for new jet equipment by 1962, they have run into sliding earnings and difficulties in financing their purchases. Ike asked for a special report on the airlines' plight. Last week Quesada sent him a 44-page document prepared by Harvard Business School Economist Paul Cherington. Among its top conclusions: the airlines need a fare hike-and quickly...
...from a vantage point overlooking his 65,000-acre farm stood white-thatched Thomas Donald Campbell, 76, the world's biggest wheat farmer, and two astonished guests. The guests: Dmitry Omelyanenko, 48, Vice Minister of Agriculture of the Kazakh Soviet Socialist Republic, and Mikhail Krylov, 28, an agricultural economist, both members of an eleven-man Russian agricultural mission invited by the U.S. State Department to visit American farms...
Died. Brendan Bracken, since 1952 Viscount Bracken, 57, British publisher and industrialist, Minister of Information during World War II, retired Member of Parliament, board chairman of the Financial Times, onetime managing director of the Economist, board chairman of Union Corporation, Ltd., giant international mining concern; of throat cancer; in London. A carrot-topped Irishman who was brought up on a remote Australian sheep station, Bracken went to England at 15, began honing his invective facility and absorbing the wide sophistication that made him famous in Whitehall, in Mayfair and the City for wit and eloquence. In the '30s Bachelor...