Word: economists
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Dates: during 1960-1969
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...joining a New York investment firm. Roosa will be a tough act to follow; he was a key figure in the intricate international finance operation in November that poured a desperately needed $3 billion loan into the British treasury to prop up the sagging pound. But Deming, an economist with a Ph.D. from St. Louis' Washington University and a career man in the Federal Reserve System for 23 years, was hand-picked in mid-1962 by Roosa himself to be his stand-by replacement in an emergency. Deming's new job is one of the toughest in Washington...
...economist from industrial Turin in northern Italy, Saragat belonged to the Socialist party directorate as early as 1925. He spent the Fascist years in exile in Austria and France, returning to Italy in 1943 and joining the first anti-Fascist government. Because he bitterly opposed the "unity of action" pact with the Communists, Saragat broke with the Socialists to form his own party. In his long career, Saragat has ably filled posts ranging from Ambassador to France to Foreign Minister...
Considering the emerging power of the consumer, even the short-term pessimists are long-term optimists. Chicago Economist Langum, for example, says that the '65 troubles he envisions will simply be a prelude to "a really terrific era" that the U.S. can expect later in the 1960s. Jack Straus knows the reason well: "Our economy keeps growing because our ability to consume is endless. The consumer goes on spending regardless of how many possessions he has. The luxuries of today are the necessities of tomorrow...
...from legislative to executive branch, they have lost none of their potency. After Congress killed a proposed $545 million pay boost for Government employees, he breathed life back into the measure with a few well-placed phone calls and an earnest talk with congressional leaders. He pointed out that Economist Walter Heller had gone...
...Approach. To give the economy a greater lift, Chief Presidential Economist Gardner Ackley and his colleagues on the council are readying several plans for further tax cuts, and M.I.T.'s influential Paul Samuelson has strongly counseled President Johnson to push federal spending "above the psychological level of $100 billion." The Administration figures that it will have no trouble cutting excise taxes by as much as $3 billion, but it also plans to revive the concept of "temporary" reductions in income taxes that Congress turned down when it was forwarded by John Kennedy in 1961. Instead of asking for full...