Word: economists
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Dates: during 1970-1979
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Martin Gainsbrugh, chief economist of the Conference Board, a nonprofit business research organization, has compiled figures to prove that so far the current upturn has been notably weak. Gainsbrugh calculates that the 1970 "recession"-which was officially given that name by the National Bureau of Economic Research two weeks ago-hit bottom in November. Thus, by the end of April, the present recovery was five months old. At that stage in the four previous postwar recoveries, industrial production showed increases ranging from 6.4% to 10.2% above recession lows, while real gross national product went up anywhere from...
Rexford G. Tugwell, LL.D., economist-author, onetime member of F.D.R.'s brain trust...
This new career is Gill's third. Before becoming an economist, he tried his hand at writing, and won the Atlantic Magazine's Best First Story Award for 1954. His stories have appeared in the Atlantic and the New Yorker...
...Radcliffe College. This may or may not lend weight to the opinions on women he expressed last week to an interviewer (female) for the London Times. "I feel very angry when I think of brilliant, or even interesting women whose minds are wasted on a 'home,' " said Economist Galbraith. "Better have an affair," he says. "It isn't so permanent, and you keep your job." Marital bliss? "The happiest time of anyone's life is just after the first divorce. People are much happier then than when they are first married." Women would be happier, says...
...this month's crisis by pumping out a flood of dollars around the world. The oversupply fanned doubts about the dollar's value and started a stampede into other currencies. Europeans no longer trust Washington's promises to get its balance of payments in order. French Economist Jacques Rueff noted sarcastically last week that a succession of U.S. Treasury Secretaries have pledged to wind down the deficit within two years. Impatient with words, European nations now appear to be trying to force action by using their surplus dollars to buy gold from the U.S. Treasury...