Word: economists
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Dates: during 1960-1969
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Clearly, the gap between the two sides was narrower than the one that led to 1959's bitter, 116-day strike. Then why the recess after only three weeks' bargaining? Sighed one top Administration economist: "Both sides wanted to assert their independence and get out from under Government pressure." Both steel labor and management apparently felt that the Administration's energetic tactics had saddled them, in the public eye, with the obligation to hammer out a noninflationary deal or take the consequences...
Despite its average students, Oakland retains high standards. "We push the students just as hard as we dare," says Physics Professor William Hammerle, 34. Adds Economist Kenneth Roose, who once taught at academically rugged Oberlin: "The students are not as capable as Oberlin's, but their performance is as good. They're more highly motivated...
Correcting the Common. To enforce the new regulation and to pass upon the acceptability of past and future cartel agreements, the Common Market has a trustbusting department headed by Dutch Economist Pieter VerLoren van Themaat, 45, who rejoices in the resounding title of Director General of Competition. After talking things over with him. George Nebolsine, a top New York international lawyer, concluded that "the department is not going to be lenient.'' Nebolsine also believes that it may well challenge "such very common business practices as the appointment of exclusive dealers in a foreign country, restrictions under patent...
...Many an economist is worried that the U.S. industrial base is growing old. In Western Europe, where businessmen can write off the cost of new plants and machinery much faster than in the U.S., capital spending now averages 10% of gross national product. In the U.S., the share has dwindled in the past five years from 8.3% to 6.6%, well below the 15% of G.N.P. that some economists figure the nation must reinvest if it hopes to compete effectively in world markets...
...52nd anniversary dinner of the Poetry Society of America, Honorary President Robert Frost, 87, was served up a bronze bust of himself done by Economist and Sunday Sculptor Leo Cherne (mused Frost: "It doesn't have to look like me; if it's a good bust, it's all right"). Then came the airy dessert: a morsel whipped up by Shelley Award Winner Theodore Roethke. A poetaste...