Word: economists
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Dates: during 1960-1969
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...Hammarskjold, 55. Son of a Swedish Prime Minister and scion of one of Sweden's most famous families, sandy-haired Dag Hammarskjold is one of the world's most self-effacing men. To a post in which the confidence of others counts for everything, this poetry-loving economist (he was chairman of the Bank of Sweden at 36) brings icy impartiality and impenetrable discretion...
...Major Weakness. What many economists find most encouraging is that there is no single weak sector that threatens to pull the economy down. Inventory buying is expected to remain at the $5 billion level in the third quarter, and may rise in the final period. Says a top Administration economist: "That drag is behind us." Plant and equipment spending, although trimmed slightly, will still be 14% ahead of last year and close to the 1957 record of $37 billion. Federal highway spending under the federal aid program will double to $1.4 billion in the next three months; Government purchasing will...
...growled Berlin Critic Friedrich Luft, imported plays pack 160 theaters nightly, "but [German] culture is dead." France's top political theorist, Raymond Aron, apologized because democracy has abandoned parliamentary rule in France, Physicist J. Robert Oppenheimer apologized for all the wrongs he said science has done, and U.S. Economist John Kenneth Galbraith seemed to be apologizing because the U.S. is building skyscrapers instead of schools. U.S. Novelist Mary McCarthy moaned: "Western literature is the mirror on the ceiling of the whorehouse...
...crisis, the eight factions that make up the Liberal Democratic Party were engaged in savage infighting over who was to succeed Kishi. Japan's big businessmen, anxious to get the country back to normal, were throwing their weight behind Trade Minister Hayato Ikeda, 61, the tough-minded economist who had helped the U.S. occupation's Economic Adviser (and Detroit banker) Joseph Dodge lick Japan's postwar inflation. The Socialists hinted that they might offer parliamentary support to Kenzo Matsumuru, one of the 27 Liberal Democrats who did not vote for the treaty, and who was recently feted...
...most disappointing characteristic of the economy was the lack of a strong spring housing upturn. But such weak spots have failed to check the slow general expansion of the economy. Commented Dr. Marcus Nadler, consulting economist of the Hanover Bank of Manhattan...