Word: gainsbrugh
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...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...
...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...
...view of Manhattan's Martin R. Gainsbrugh, chief economist and vice president of the National Industrial Conference Board, the ball was not about to be dropped. Predictions of a $660 billion gross national product, he said, "may, in the light of the first quarter and rising investment plans, prove to be too low. Conceivably, it may be as high as $670 or $675 billion...
...born in fecund 1946 and are coming of age to enter the labor force (only 40% will go on to college). "Already our unemployment is concentrated among the 18-and i g-year-olds, and a tidal wave of them will hit us in 1964 and 1965," says Martin Gainsbrugh, chief economist of the National Industrial Conference Board. The number of new workers entering the labor force will soar from 1,200,000 in the last year to 2,500,000 next year...