Word: economists
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Dates: during 1950-1959
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Like a Schoolteacher. For the Fed's part in tightening credit, Martin has been bitterly assailed. Says Economist Arthur Smith, vice president of Dallas' First National Bank: "I think they're tightening the screws far too close. In some areas of the consumer-credit picture there are undoubtedly abuses. But the Fed is behaving like a schoolteacher who punishes the whole class because two to three children are bad." Says Trust Co. of Georgia Board Chairman John A. Sibley: "When money is scarce, it's the little man who suffers...
...aides gathered around the hollow rectangle in Lancaster House last week, even the British were beginning to say that their utter dependence on the canal for oil imports was not really so utter. They could survive, even if put to great inconvenience. "Many are thinking," said the London Economist, "of the supertankers that will return to Vasco da Gama's way of evading Levantine pressure," i.e., the voyage around Africa. What most delegates now sought was some compromise that would concede Nasser's legal right of nationalization of the Suez Company, provided that he accepted internationalization of control...
...state of the economy this week, it was clear that between now and November the beleaguered U.S. voter will hear some wildly confusing statements about how he and the economy are doing. Before the Democratic Platform Committee in Chicago, Leon H. Keyserling, lawyer and politically nimble chief economist for the Truman Administration, accused the Eisenhower Administration of sustaining a "cultivated economic slack" designed to eliminate the inefficient small farmer and small businessman and to "keep labor in its place." But from Washington came new forecasts of continued prosperity...
...Cabinet, pudgy, iron-willed Tanzan Ishibashi feuded frequently with General Douglas MacArthur and was purged from office in 1947. Last week, as the strong-minded Minister of International Trade and Industry in the indecisive administration of Ichiro Hatoyama, Ishibashi once again crossed swords with the U.S. In the Oriental Economist, a magazine he has owned since 1939, Ishibashi made the first official announcement that Japan will press for increased "economic and cultural exchanges" with Red China...
Though the Fund for Adult Education has given Pomona only enough to carry on the program one year, Economist Bond feels that he will have no trouble making the course permanent. At course's end, 22 of the 25 said they would like to come back next year. Said one executive: "The lectures all seem to blend...