Word: economists
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Dates: during 1970-1979
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...lift from consumer spending, which is likely to pick up smartly in the months ahead, especially for major appliances, furniture and household goods. Corporate profits, though still behind those of a year ago, have risen from their lows of early 1975 -and so, say Heller and George Perry, an economist with the Brookings Institution, business spending for new plant and equipment will also pick up. The auto industry, which has been more deeply depressed than almost any other for the past two years, has begun to turn round. Auto sales in October jumped 23% above those for the same month...
...wake of the familiar crises of Viet Nam, Watergate and inflationary recession, can the American experiment endure and flourish in its third century? This vexing question is tackled in special reports just published by two thoughtful periodicals, the U.S. quarterly the Public Interest and the British weekly the Economist. Both journals raise fresh and unsettling questions about the limitations of American democracy and freedom. However, in their prognoses for the next 100 years, they diverge: the Public Interest has a generally pessimistic forecast for an America that thinks small and governs modestly; the Economist foresees a country that can transcend...
...threshold of its third century, America is afflicted by a "drift from dynamism," which threatens to allow the nation's global leadership to slip into "less sophisticated hands, at a perilous moment." So concludes the Economist's deputy editor, Norman Macrae. A longtime expert on world economics and political affairs, Macrae, 52, first gained attention in the U.S. in 1969 by writing a penetrating survey on the American dilemmas of race and poverty. Now he has produced a provocative if discursive report suggesting that the U.S. may be at the close of its industrial empire. He argues persuasively...
...most curious thing about the Cabinet," Walter Bagehot, founder and editor ot the Economist, wrote in 1867, "is that so very little is known about it. The meetings are not only secret in theory, but secret in reality....No description of it, at once graphic and authentic, has ever been given. It is said to be something like a rather disorderly board of directors, where many speak and few listen--though no one knows." A century later, the situation had not changed. Richard Crossman--Oxford don, psychological warfare chief, Labour M.P. and editor of The New Statesman--complained...
...economist with a background in computers and statistical analysis, Brode is mainly concerned with economic issues. "Rent control is way and away the biggest problem," he said, while pointing out that it is only a part of the overall problem of "economic pressure" on the city. "A lot of money wants to come into Cambridge, to do things like buy land and build high-rise buildings." Rent control and zoning restrictions, he said, are potential means of preserving neighborhoods, "so that blacks and working-class people can afford to stay here...