Word: economists
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Dates: during 1980-1989
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Estonian assertiveness has led to a backlash in the Russian-speaking community, where a group known as Intermovement has emerged to challenge the Popular Front. Intermovement claims 90,000 members, mostly workers in industrial areas where ethnic Russians predominate. Economist Konstantin Kiknadze, an Intermovement leader whose mother is Russian and whose father is Georgian, charges that the Popular Front wants to "exchange a Moscow bureaucracy for one that is Estonian...
...Sununu's reputation as a fierce opponent of new taxes will not reassure the financial markets about Bush's ability to cure the deficit. Nor will the appointment, expected this week, of the author of Bush's flexible-freeze plan, Stanford economist Michael Boskin, to head the Council of Economic Advisers. If the next Administration will not support new taxes, even for the rich, it must slash into defense (where Bush has vowed to pursue plans for new carrier battle groups and nuclear missiles) and into middle-class entitlement programs like Social Security and farm subsidies (which Bush has promised...
...Declaring that the twelve-year-old institution "was not reaching its potential," he abruptly named a new dean: Michael Levine, 47, a tough-minded professor of management studies who was formerly chief executive of New York Air. Levine, whom Schmidt chose without consulting the faculty search committee, succeeds economist Burton Malkiel, 56, who resigned last year after strengthening the school's economics program. Schmidt is slashing the popular department of organizational behavior, which teaches the techniques of compromise and consensus building, by declaring that six junior faculty slots will be phased out over the next five years...
Spence, an economist by training whose field of expertise is organizational behavior, came into his tenure as dean four years ago with the idea of possibly changing the old system, according to administrators. "I can't say that I intended to eliminate the Graustein system when I was first appointed," Spence says...
...experts fear that Revco will be one of many major failures resulting from the buyout binge. In the first half of this year, Standard & Poor's lowered the investment ratings for $216 billion worth of corporate securities, while raising the standing of only $130 billion in such debt. Warns economist Henry Kaufman: "If this deterioration of corporate debt is occurring in the course of an expansion, you can imagine what will happen to a lot of corporate debt in a recession...