Word: gainsbrugh
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Dates: during 1960-1969
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...time and again warned that the inflationary perils of an "overheating" U.S. economy make the Johnson Administration's proposed 10% surtax urgently necessary-and, to buttress his case, he likes to point out that consumer prices have been increasing at an annual rate of 4%. But Martin Gainsbrugh, chief economist for the National Industrial Conference Board, makes a very different point. Noting that the Federal Reserve Board's index of factory, mine and utility production declined in January, Gainsbrugh said last week: "If you have slack in the industrial capacity, it's hard to persuade people that...
...little more than they invested last year. The G.N.P. will grow 7.5% from an estimated $784 billion to $842 billion on a seasonally adjusted basis, but only half the increase will be real. The rest will be higher prices caused by what NICB Economist Martin R. Gainsbrugh* described as a move "from creeping to cantering inflation" and due directly, the economists agreed, to "fiscal deficits of tremendous proportions...
...group headed by Gainsbrugh: N.Y.U. Professor Solomon Fabricant, Du Pont Economist Ira T. Ellis, Michigan U. Professor Paul W. McCracken, American Airlines Vice President George P. Hitchings, Bank of America Vice President Walter E. Hoadley, U.S. Steel Economist William H. Peterson, N.Y.U. Professor Jules Backman, Bankers Trust Vice President Roy L. Reierson, Ragnar D. Naess of Naess & Thomas, investment counselors, Commerce Department Economist Louis J. Paradiso, and James W. Knowles, research director of the Congressional Joint Economic Committee...
...antipoverty program draws surprising endorsement from the nation's wisest money managers. Besides feeling a moral obligation to help the poor, businessmen support the spending for the sound economic reason that it will upgrade the nation's manpower resources and create new consumer markets. Says Martin Gainsbrugh, vice president of the National Industrial Conference Board: "This is the one domestic program that we are not willing...
...major reason why Lyndon Johnson reacted so mildly despite his disapproval. Last week the National Industrial Conference Board told the Congressional Joint Economic Committee that costlier money will bring only a tiny cutback in those plans. Among the 1,000 largest manufacturing companies, testified N.I.C.B. Senior Vice President Martin Gainsbrugh, none of the 644 replying to his survey after the discount rate hike expected to reduce plant expansion next year by as much as 5%; more than 92% predicted no change...