Word: economists
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Dates: during 1970-1979
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...decision will be felt in stores early next year and will probably make bacon, sausage and other pork products slightly costlier than now. More cattle will be raised this year, but this beefed-up production will not be reflected in meat-counter prices for 18 months-if ever. Says Economist Larry Simerl of the University of Illinois: "Consumers buy more beef every year, and this increased demand is likely to absorb any increase in production." The best that shoppers can probably expect is more cut-rate supermarket specials on chickens...
...first half of the year. To nudge farmers into growing more corn as a hedge against blight, the Department of Agriculture discontinued some support payments for unused acreage. All together, the move will snip Government payments to farmers this year by $500 million, to about $3.2 billion. Economist Simerl reckons that because of lower prices the total cash value of the record corn crop might not be much higher than that of the 1970 harvest...
...massive proportions of the Columbia deficit. But I think we are experiencing a process which has gone on at other universities and which was well described in great detail, with many graphs and figures, by the provost of Princeton, Bill Bowen, who appropriately enough is an economist...
Capstone Proposal. The Administration's strategy for recovery encompasses a range of measures, among them some tax breaks for individuals and sales-stimulating efforts like abolition of the 7% auto excise tax. Paul McCracken, Nixon's chief economist, reckons that the program will generate 500,000 new jobs. But what Connally so emphatically describes as "the capstone" of the Administration program is a large effort to aid business. The key proposal is for an investment tax credit of 10% in the year beginning Aug. 15 and 5% in subsequent years. In theory, the credits will produce a torrent...
...Irish Times. Referring to the fact that Lynch came to power in 1966 as a compromise candidate of his Fianna Fail party, the Times added: "His contribution has been to discover consensus politics; or maybe it was the consensus which discovered Jack Lynch." Equally plain-spoken was the London Economist's recent assessment of Lynch as "the best Irish Prime Minister that Britain is likely to get"-a judgment hardly calculated to endear him to an electorate that still regards Britain as the "ould enemy...