Word: economists
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Dates: during 1970-1979
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...cost of living rises in the first half of 1972. With sound management and reasonable luck, the government will avoid the dramas of last year, when strikes paralyzed Irish commercial banks for six months and closed the cement industry. C.M. Whitaker, head of the Central Bank and a leading economist, says: "The unions are now as keen as we are to lick inflation...
...cited the employment of a Yugoslav economist in the current DAS project in Peru as an example that, "in the future, it will not be unheard of for us to support socialism...
...unions' demand for an excess profits tax is a far stickier matter. To A.F.L.-C.I.O. Economist Arnold Cantor, the issue is simple equity. "The income of wage earners is the wage; the income of business is profits," he says -and if one is limited the other should be too. By almost any measure, however, profits are not now excessive but depressed. U.S. corporate earnings after taxes, at an annual rate of $46 billion in this year's second quarter, were actually lower than in 1965. Many economists agree with Walter Heller that "an excess profits...
...based on a one-month rise in industrial production. He was then called in by White House Special Assistant Charles Colson, who demanded, "Why don't you get on the team?" Since then Jones has returned to his university post. Even Paul McCracken, the President's chief economist, was taken to task by men in the White House when he conceded in June that the recovery was not rapidly reducing unemployment. (Because he usually managed to gloss over even grim statistics, McCracken became known to newsmen as "Dr. McQualify," and his No. 2 man, Herbert Stein, was dubbed...
...department was chopped in two, and he was put in charge of the politically less sensitive half, which deals with long-term manpower trends. The Labor Department was shopping around for a new man to handle current employment statistics. Meanwhile, Peter Henle, the BLS's chief economist, who often disagreed with White House assumptions, took a leave of absence to do private research until, as BLS Commissioner Geoffrey Moore said, "an appropriate new assignment" is arranged...