Word: economists
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Dates: during 1980-1989
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While the debt bomb has still to be defused, its tick is much softer than before. "The international financial system has the capacity to handle the Latin American debt crisis," said Economist Arnaldo Musich, an unofficial adviser to Argentine President Raul Alfonsin. Robert Solomon, a guest scholar at the Brookings Institution, agreed: "The countries can grow out of it. The world can grow...
...University of Pennsylvania's Wharton School last March 20, Nobel-Prize winning economist Lawrence Klein was giving an introductory economics lecture when three followers of political guru Lyndon LaRouche burst in, accusing Klein of Nazism and genocide. Klein responded, "I insist that you are a bunch of screwballs, and would you please get out," and university police arrived and evicted the LaRouchites. Two weeks later, the South African ambassador to the United States was scheduled to come to Penn to speak on apartheid, but opted out when members of the eight-group United Minorities Council threatened a mass demonstration...
...uncanny knack for conveying a sense of some simpler, lovelier, bygone American age, Reagan has encouraged the notion that happy days are here again. "Reagan is our past speaking to us," says Political Historian Garry Wills, "and we want to remember with him." Furthermore, as Britain's weekly Economist noted, "Republicans have no hangups about patriotism." The conservative President in particular has always been fluent and profuse with the imagery and language of conventional, Decoration Day patriotism. Says Frank Quam, a farm-management teacher in Stewartville, Minn.: "Reagan is of that nature, the flag waving, and people like that...
...surface missile was responsible for one of the biggest British setbacks of the ten-week war. Argentina used the weapon to sink the destroyer H.M.S. Sheffield, which went down in the South Atlantic on May 4, 1982, with a loss of 20 seamen. Aerospatiale bought a page in The Economist (estimated circ. 252,000), which usually costs about $5,650, to dispute recent reports that the Exocet is not really the devastating ship killer Britons had come to revile. On the contrary, boasted Aérospatiale heartily, "Exocet is and remains the leader in its category ... that...
...economy were based on the free market at work, then economists could predict the future with a high degree of accuracy. But with the Federal Government's increasing influence in the private sector, the economist finds himself in the role of the middle linebacker trying to guess which play the quarterback (Paul Volcker) is going to run next. Under these conditions, 50% accuracy...