Word: economists
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Dates: during 1960-1969
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Still, since the Johnson Administration is clearly unwilling to fight inflation either by cutting Government spending or by raising taxes in an election year, the prospects are that money will get still tighter. Says M.I.T. Economist Paul Samuelson, one of John F. Kennedy's chief counselors: "Since we're not using a tax fiscal policy to keep down inflation, the Federal Reserve will have to make more moves-higher interest rates and less credit." Across the U.S., businessmen were predicting that the Fed would soon reraise the discount rate...
...Colombia, Economist Carlos Lleras Restrepo, 58, candidate of the country's faltering National Front coalition of liberals and conservatives, took office with one big strike against him. In the March elections, the Front won only 162 of Congress' 306 seats, far short of the needed two-thirds majority, and Lleras Restrepo's program of welfare and land reform will face an ob streperous opposition led by ex-Dictator (1953-57) Gustavo Rojas Pinilla. But Lleras Restrepo can always fall back on the 15-month-old state of siege declared by former President Guillermo Leon Valencia, empowering...
...Bearsted hooked a notably big one-to become his own successor as chairman of Hill, Samuel & Co., Ltd., the largest of London's merchant banks in terms of capital, securities underwriting and profits. His prize catch was Baron Sherfield, 62, the former Sir Roger Makins, ex-barrister, able economist, gentleman-farmer, career diplomat and onetime (1953-56) Ambassador...
...cries of a Western plot against the growth of colored races. Hunger's pressures have helped to calm that fallacious fear. Even in the most unlikely region, Roman Catholic South America, resistance to birth control has dwindled. "Religion is getting out of the way;" says University of Chicago Economist Theodore W. Schultz...
There are, of course, still a few diehard Thoreau types who prefer to catch up on their writing or sample the sweet joys of summer. Closed up in his Newfane, Vt., summer home, Harvard Economist John Kenneth Galbraith, 57, reports that he is dutifully turning out a new book "one dreary page after another." University of Virginia Professor J. D. Forbes, 56, a specialist in business history, is flying kites and writing detective stories while on a visit to his married daughter in California. So long as they are encouraged, even pressured, to fly jets, it seems likely that fewer...