Word: economists
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Dates: during 1970-1979
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NANCY HAYS TEETERS, 48, four months ago became the first woman member of the Federal Reserve Board. She is a seasoned Washington hand. After graduate study in economics at Michigan State, she was an economist at the Fed, became a staff member of the Council of Economic Advisers during the Kennedy years and put in a stint at the Bureau of the Budget. She was a senior fellow at Brookings in the early '70s, and just before being tapped for the Fed was chief economist for the House Budget Committee...
JUANITA KREPS, who will turn 58 next week, is the first economist as well as the first woman to be Secretary of Commerce. She worked up the academic ladder to become a Duke University vice president, and has held a long list of corporation and foundation directorships...
Born in the hardscrabble coal country of Harlan County, Ky., Kreps completed her undergraduate studies at Kentucky's Berea College, earned a doctorate in economics at Duke, and has specialized in the problems of working women and the aged. Married (to an economist) and the mother of three, she says that the "big problem in being a professional woman with a family is that you simply have less time for the profession." Kreps finds enough time to be in the forefront of the drive to boost U.S. exports. Except in the rarest cases, she opposes the policy of withholding...
COURTENAY SLATER, 45, is chief economist at the Commerce Department and one of the Administration's key economic tea-leaf readers. To determine where the economy is going, she pores over mountains of statistics that Commerce collects on trade, inflation, retail sales and other matters. As a student, Slater wanted to become a physicist, but was told by a professor that "women just did not go into physics." After graduating as a history major from Oberlin College and marrying (her husband is a program analyst for the National Science Foundation), Slater decided to enter a field that would lead...
...assault on the entitlements has been weak and equivocal. One idea that deserves more attention than it is getting is Califano's hospital cost containment bill, which would curb Medicare expenditures by prohibiting hospitals from raising costs by more than 9% a year. Perhaps an even better approach is Economist Penner's suggestion to have the program's recipients pick up a portion of their hospital and doctors' fees. This would not only cut expenditures but also discourage recipients from rushing to the doctor for every sneeze and sniffle. The whole concept of linking federal pensions to the rise...