Word: economists
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Dates: during 1960-1969
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...what Will Rogers called "plain talk-in'," often seem to have been written in a soundproof room full of adding machines. Last week readers of the monthly Business Review of the Federal Reserve Bank of Philadelphia got a pleasant surprise. In a report on "The Business Outlook," Economist John R. Bunting Jr. took off after those who believe that another recession is either on the way or inevitable. "The national mood," said Bunting, "is changing. The cycle doesn't have to repeat itself. This time, after level, why can't we go up? We can." As evidence...
Back at his desk, Economist Bunting thought that he had learned something from well-tanned figures that black and red numbers could not tell him: "Some thing I had better say before becoming immersed again in facts and figures. I can't help feeling that what I learned on the beach is heartening. If the future does not look overly strong, neither does it appear terribly weak. If the national mood is changing and people are coming to take more interest in the big issues that surround them, then soon more realistic solutions will manifest themselves...
Just how tight the profit squeeze will get before it eases is a matter of lively debate. Government economists expect an upturn in profits in the fourth quarter. But Ford Motor Co. Economist Dr. T. J. Obal, who believes the current profit squeeze fits the pattern of an economy in the second year of recovery from recession, thinks that "there will be further slippage." Chase Manhattan Bank Chief Economist Wil liam Butler says that the profit squeeze "is very serious as a long-term matter," argues that it will cause a decline in capital expenditures...
...Economist Carroll comes of a pioneering California family: one branch sailed around the Horn, the other crossed the continent by oxcart. At 25, he was both an assistant professor and an assistant dean at Harvard's business school. In World War II the Navy put him in charge of recruiting all officer candidates. At 32, he took on the deanship of Syracuse University's sagging business school. He remade the school, went on to do the same job at the University of North Carolina. In 1948 he was called on to help organize the $3 billion Ford Foundation...
Died. Oswald Veblen, 80, leading U.S. geometrician and nephew of Economist Thorstein Veblen, member of the Princeton University faculty from 1905 until 1932, when he joined the new Institute for Advanced Study in Princeton, where he was instrumental in selecting the famed research center's original mathematics staff, which included Albert Einstein and John von Neumann; of a heart attack; in Brooklin...