Word: economists
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Dates: during 1970-1979
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...Economist, an authoritative British magazine, reports that tanker loadings at Persian Gulf oil terminals in late November and early December rose 23% to 43% over a year earlier. The period may have been too short to be statistically meaningful, but the Economist nevertheless concludes that "the Arabs may not have cut production by anything like the amount that they...
Another suggestion for mitigating the payroll tax's regressive nature comes from Brookings Institution Economist Richard Nathan. He would increase the wage base from which deductions are taken to as high as $25,000 and work out some formula to reduce payments by less affluent Americans. A more likely solution is a plan that would give workers earning up to $5,600 a special income-tax credit to offset Social Security levies. Such a plan was included in the Senate version of the bill raising benefits last month, but it was dropped by the Senate-House conference committee...
Since the enactment of Social Security legislation in 1935, conservatives have favored scrapping the system altogether. Economist Milton Friedman, for example, has long espoused a negative income tax as a substitute for Social Security with payments going only to those who could prove they were in need. Ideologically, conservatives would prefer to have workers depend on freely chosen pension plans rather than a mandatory social insurance scheme. But that alternative generates little enthusiasm at a time when many private pension plans are shaky. In any event, though modifications in the system will probably have to be made, Social Security...
...most people, Park Place, Marvin Gardens and Baltic Avenue are just spaces on the Monopoly board-unlucky ones, to be sure, if occupied by money-gobbling hotels placed there by an opponent. But to Economist Ralph Anspach, those properties are part of a game that subtly encourages young minds to accept the evils of monopolization. "Some kids grow up not knowing that monopolies are illegal," he complains. In counterattack, Anspach and his 14-year-old son Mark have created Anti-Monopoly, a new, sophisticated board game that recently went on sale in the San Francisco Bay Area...
...industrialized to present lucrative investment prospects, the wealthy nations have parked their money in Western banks. That is a situation they will not move quickly to alter, since a rapid withdrawal of the funds could provoke monetary aberrations that would lower the value of their holdings. As one Beirut economist pointed out last week: "The Arabs are among those most interested in a stable monetary system. They stand to lose the most from monetary instability...