Word: effie
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Dates: during 1960-1969
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...achieve "maximum employment, production and purchasing power." The act also created the Council of Economic Advisers, which for the first time brought professional economic thinking into close and constant touch with the President. Surprisingly it was Dwight Eisenhower's not-notably-Keynesian economists who most effectively demonstrated the effi cacy of Keynes's antirecession prescriptions; to fight the slumps of 1953-54 and 1957-58, they turned to prodigious spending and huge deficits...
Take Notice. The Pentagon is trying to find new formulas. The Navy, which has shown how to move fast and effi ciently with its Polaris program, is developing a management-control system nicknamed "Mascot." Mascot's goal: to give on one giant diagram a clear picture of the function of each contractor and sub contractor, which ones have to be speeded up to keep the project on schedule, and what the effect of speedups or delays would be on costs. And in a contract recently signed with RCA for the SAINT satellite-inspection system, the Air Force stipulated that...