Word: economists
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Dates: during 1970-1979
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...threat to privacy that stems from Government gumshoes but concentrates chiefly on the danger posed by private firms, most of which operate with no restrictions on the information they collect and the way in which they use it. Says Commission Chairman David Linowes, a University of Illinois political economist:* "We are an information-spoiled society. It's been so easy to collect that we just keep on collecting. Tens of millions of names are being pushed around from one organization to another for whatever purposes they want them, and we don't know any thing about...
Influence Policy. The focus of their ire is the CBO's boss, Alice M. Rivlin, 46. When she came to the Hill as the first head of Congress's budget bureau in 1975, she had been a highly regarded working economist at that liberal Democratic enclave, the Brookings Institution. Maine's Senator Edmund Muskie, chairman of the Senate Budget Committee, personally steered her into the job. Now some of his-and her-colleagues in both parties wish her four-year term could be cut short...
Apart from the generals, Begin's Cabinet is mostly lackluster. Finance Minister Simcha Ehrlich, for instance, is not an economist but a manufacturer of optical goods. He may well have a hard time coping with Israel's rampaging inflation and convincing the country to accept a controversial Likud program to counter it with planned unemployment...
...million or more has soared almost fourfold in the past 15 years: from 54,000 in 1962 to nearly 200,000 today-although these figures are somewhat deceptive, since anyone who was worth $1 million in 1962 would need $1.92 million to be as well off today. As Economist Robert Heilbroner wrote in The Quest for Wealth, " 'Rich! I am rich!' is an exultant cry we shall hear down the ages...
Each system is marked by its own peculiar inequalities. Those associated with race, sex and age can be counted simply as signs of persisting discrimination. Most regional differences are hangovers from historical divergencies in region al economies. Some disparities, however, simply defy rationalization. M.I.T. Economist Lester Thurow in his book Generating Inequality points to extreme variations in income among auto mechanics of roughly equal training and age - along with similarly extreme variations in the earnings of comparable physicians. Why such differences? Nobody has figured...