Word: economists
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Dates: during 1960-1969
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...much as ever, Commentary warns of the dangers abroad. "I venture the opinion that the idea 'Hate America' is now more deeply anchored in Chinese minds than 'Hate the Jew' was in German minds at any time," wrote Economist Oscar Gass in a perceptive appraisal of recent U.S.-Chinese relations. Even though he feels U.S. diplomatic recognition of Red China is the realistic thing to do, Gass cautions that the Chinese will not "jump with joy." For 13 years, he writes, the "government of China has devoted its talents to building a wall of misinformation...
...course. But could the job be done differently and better? Many critics, mostly on the left, argue at least that it should be done more expensively. Labor Leader Walter Reuther complains that the Administration is doling out anti-poverty funds "with an eyedropper." Liberal Economist Leon Keyserling maintains that the effort requires at least $15 billion a year, roughly ten times what Johnson has been spending. Not to be outdone, a group of New York civil rights leaders has demanded an appropriation of $41.6 billion a year -more than one-third of the entire national budget-to combat poverty over...
...vote in the congressional elections last March. In the end, it wasn't enough. For the third time, the country's eight-year-old National Front coalition won the presidency. The winner by a better than two-to-one margin: Carlos Lleras Restrepo, 58, economist, educator and longtime leader of Colombia's Liberal Party (TIME, April...
...Johnson noted last week that some Communist countries are beginning to appreciate the value of the main motive force of the capitalist economy: profits. "In Eastern Europe," said he, "profits are coming to be understood as a better measure of productivity." Almost as the President was speaking, his top economist, Gardner Ackley, was publicly faulting U.S. corporate profits. Indeed, much of the current nervousness in the stock market and most of the worry among businessmen stem from fear that whatever the Administration does to fight inflation-through taxes, credit policy or controls -will somehow be aimed mainly at business profits...
...just had their whips confiscated by a benevolent abbot." Next day the critics were heard from. Businessmen predicted that the payroll tax would drive up the cost of living. Union leaders predicted that the bonus to manufacturers would increase the already serious problem of labor hoarding. The influential Economist simply dubbed the budget "fatheaded...