Word: ehrlich
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...events in Iran and Afghanistan, a sense of direction and purpose is finally beginning to emanate from Washington. Says Howard Stein, chairman of the Dreyfus Fund, a leading mutual fund investment firm: "There is always a psychological lift from a crisis, and people rise to the occasion." Harold Ehrlich, chairman of the Bernstein-Macaulay investment advisory service, cites a spreading conviction that "the country is moving again, and that means more inflation, more income, more corporate profits and higher stock values...
David A. Piper, manager of Ehrlich's Tobacco Shop, said inflation and a recession may augment their sales, which are twice their normal level...
Illness or no illness, the opposition Labor Party planned to slap the government with a no-confidence motion in the Knesset this week, even though Labor Leader Shimon Peres conceded that it had little chance of passage. Embattled Finance Minister Simcha Ehrlich appeared to be barely weathering demands for his resignation. Factions of his own bickering Liberal Party, whose support is essential to Begin's Likud coalition, had earlier attacked him for withdrawing his proposed series of public spending cuts, which are considered necessary as a first step toward halting the inflation spiral...
While both books are well worth reading, both are also disappointing. Increasingly competent at his new craft, Ehrlich man is still trying to smash back at what he saw as his oppressors. A shrewd and tough lawyer, Jaworski is too intent on dissecting evidence to draw perceptive conclusions on what he has learned from such a rich career in the law. Ehrlichman's message twists in the winds of his bias. Jaworski, at least in this book, delivers none...
Last week the government conceded that the cost of living for April had jumped a shocking 8.7%, more than 100% if projected over the entire year. The admission provoked howls of alarm that the country could be heading toward uncontrollable triple-digit inflation. Finance Minister Simha Ehrlich proposed a stringent plan to reduce inflation by 1981 to 40%, at best, by slashing $1.5 billion in government spending, including $650 million from the defense budget. At that, Defense Minister Ezer Weizman, who has been seeking a 40% increase to defend the narrower peacetime borders, angrily bolted from the Cabinet meeting. Opposition...