Word: economists
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Dates: during 1970-1979
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...tight on money than Burns, and others who assert with equal confidence that he will prove just as conservative and independent as the chairman he replaces. But for the moment the only discordant notes came from some American grumblers who think that Carter should have chosen a banker or economist rather than a corporate chieftain, and from the foreign exchange markets, where the dollar initially fell a bit further-not because money traders overseas distrust Miller, but simply because they know little about...
Chairman Alfred Kahn, 60, a Cornell economist who was appointed by Carter in May, is one of the rare bureaucrats who is trying to put his agency at least partly out of business. Under him, the CAB has given the airlines more freedom to lower fares and expand charter flights. Kahn is impatient with bureaucratic obstructionism. He learned, for example, that a petition by the city of Columbus, Ohio, for more airline service had not been answered for eight years by the CAB. An aide recalls Kahn's mastication of the responsible bureaucrats: "He bit them so hard...
Said Jack Carlson, chief economist for the U.S. Chamber of Commerce: "He has recognized that the economy is slipping away faster than he expected, and that he doesn't have time for major reform proposals...
Adding up the plusses and minuses, Chase Manhattan Bank's chief European economist, Geoffrey Maynard, asserts...
...commentary on our times that Arthur Burns, the conservative, grandfatherly economist of 73, has be come a national folk hero. Barbara Walters nags him for an interview. He twinkles, touches another match to one of his hundred or so pipes, and declines. International bankers claim, perhaps extravagantly, that his reappointment is needed to steady the stumbling dollar. American businessmen have raised him to near sainthood, even those who do not necessarily agree with all of Burns' tactics but want him to stay. Housewives, engineers and preachers write Burns that the nation needs him. He has become a soft-voiced...