Word: economists
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Dates: during 1980-1989
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...this was not a close call: there is no way for a Secretary of the Treasury to deal with Third World debt and not significantly affect the fortunes of Chemical Bank, and there is no way for a Secretary of State to steer completely clear of the issue. Harvard economist Jeffrey Sachs pointed out last week that after Baker refused to accept a Brazilian proposal that would have forced American banks to write down billions of dollars in debt in 1987, Chemical's stock rose nearly 40% in six months...
...citrus products, for example, and has opened its construction market to foreign bidders. Japan imported 48% more U.S.-made computers and office equipment in 1988 than in the previous year, and 55% more semiconductors and telecommunications equipment. "A massive structural change has taken place in the Japanese economy," says economist Noriko Hama of the Mitsubishi Research Institute. "We are much more import-oriented than we were a couple of years...
...should wait for another inflation report or two to draw too pessimistic a conclusion, but my fear is that it will ultimately take a major slowdown or recession to get inflation back down to acceptable rates," said Economist Allen Sinai of the Boston...
...Economist David Wyss of Data Resources Inc. of Lexington said the dramatic size of January's increase was a "one-month aberration" caused largely by rising energy and food prices, but that the overall trend nevertheless has been one of accelerating inflation...
Pioneered in the 1950s by Louis Kelso, a San Francisco lawyer and economist, ESOPs were slow to catch on. But Kelso eventually created a fertile financial climate for his idea by enlisting the support of Russell Long, the populist Democrat from Louisiana. Before retiring from the Senate Finance Committee in 1986, Long initiated more than 20 bills to encourage creation of ESOPs...