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Some economists contend that the service boom is detrimental to U.S. growth, that spending money on haircuts for poodles and diaper service does not add to the base of real wealth. Economist Grover W. Ensley, executive vice president of the National Association of Mutual Savings Banks, takes the opposite view: "Today a large segment of service expenditures goes for medical care and education, which represent investments that are very productive in improving the future output of the nation. Even money spent on beautification of the fairer sex may turn out very productive in the long...
FEDERAL SPENDING will jump $2 billion to $3 billion next year, says Grover Ensley, executive director of joint economic committee of Congress, but there still will be budget surplus of $4 billion for 1957. Predicts Ensley: gross national product of $430 billion to $440 billion, prices up 2% to 3%, business investment up 8% to 10%, housing starts down...
With an average speed of 84.066 m.p.h., it had covered 194 laps and a record 1,000.08 miles. Second: Fangio's teammates, Luigi Musso and Harry Schell, in another Ferrari. Third: a D-Jag driven by Indianapolis' Jack Ensley and Indianapolis 500-mile Champion Bob Sweikert. Fitch's Corvette, only U.S.-made car in the first ten, came in ninth...
Last week Grover W. Ensley, staff director of the Joint Congressional Committee on the Economic Report, took a look ahead to 1965 and forecast...
...course we're in a recession," agrees Economist A. W. Zelomek, president of the International Statistical Bureau. But Zelomek's idea of recession may startle many businessmen. "At the bottom," says he, "we'll be way above the prosperity levels of pre-Korea." Staff Chief Grover Ensley of the Joint Committee on the Economic Report has still another view of what is happening. Says he: "We are getting into an adjustment which, if not of the recessionary type, is of the downward type...