Word: fowlerize
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...remarkable degree, both suggestions echoed a thinly veiled warning issued last month by Treasury Secretary Henry Fowler, who said that European countries are inviting economic retaliation by their failure to help the U.S. end its balance-of-payments deficit. Last week, in a subtle move giving substance to that message, the U.S. offered to boost its dollar aid to poor countries through the World Bank only if an increased share of the bank's loans was used to buy U.S. products. Moreover, Washington insisted that the U.S. share of such "soft loan" largesse be trimmed from its present...
Incredulity. Even as Martin was talking to the Senators, Treasury Secretary Henry Fowler was insisting to the House Ways and Means Committee that the Administration had not proposed restoration of the investment credit "because of any concern about the general economy." His statement met with some incredulity. Snapped Oregon's Democratic Representative Al Ullman: "I don't think there is anyone in this room that really believes that." His observation gained substance from the news that last month personal income all but ceased its longtime rise and private payrolls declined for the first time in two years...
...last week disclosed that the year's increase in capital spending would probably be 3.9% rather than 6% - or enough to knock half a billion dollars off the first-quarter G.N.P. John son was understandably worried. With such economic aides as CEA Chairman Gardner Ackley, Treasury Secretary Henry Fowler and Budget Director Charles Schultze, he had been mulling over for some weeks a restoration of the 7% credit. In two days of meetings that eventually included Defense Secretary McNamara and House Ways & Means Chairman Wilbur Mills, he decided that the time...
...replenishing his bank account. Personal saving rose in the fourth quarter of 1966 to $30.4 billion, or 5.9% of disposable income, and is now running at an even higher rate of 7% . Last week, in an effort to attract some of these funds, President Johnson and Treasury Secretary Henry Fowler launched a campaign to sell "Freedom Shares." To be sold only to people who buy regular Government bonds, the new notes will mature in 4½ years and pay 4.74% v. 4.15% and 7 years for a Series E bond...
...production fell by a full point to 157.9% of its 1957-59 average. Factory orders for durable goods dropped by a worrisome 5.1%, to the lowest level in 15 months, as the downturn spread to transportation equipment, primary metals and even machinery. "The economy," said Treasury Secretary Henry H. Fowler in the understatement of the week, "has moderated very substantially...