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...foreseeable future of the U.S. economy, Chicago Banker Tilford C. Gaines was exultant. "The only words I can use," he said, "are 'excellent,' 'buoyant' and 'ebullient.' " Asked to write a pair of memos to Lyndon Johnson on the state of the economy, Gardner Ackley, chairman of the President's Council of Economic Advisers, had trouble finding any dark spots, replied mostly in superlatives...

Author: /time Magazine | Title: The Economy: Excellent, Buoyant & Ebullient | 4/23/1965 | See Source »

...spotlight in the payments-balancing act, and that he too vigorously defends the business establishment. Unlike the last several Commerce Secretaries, Connor has become a major adviser to the President, so far has helped to beat down Martin's pressures for tougher, direct controls on capital exports. - Gardner Ackley, 49, the President's chief economist, has yet to achieve the influence that Walter Heller had, but he is a quiet technician with a penchant for anonymity that pleases Johnson. Ackley is a potent force because he has the President's ear, confers with him daily...

Author: /time Magazine | Title: Government: The Gold Warriors | 4/23/1965 | See Source »

...other interests include $108 million in oil and gas, $160 million in public utilities. Among star performers: $10 million in Du Pont, $12.5 million in General Motors and $26 million in IBM. Surprisingly, there are also educational experts outside Harvard who are not overwhelmed by its wealth. John W. Gardner, president of the Carnegie Corporation of New York and a Stanford man, says that "in terms of the tasks to be accomplished today, Harvard is not as rich as it should...

Author: /time Magazine | Title: Universities: Harvard's Midas | 4/16/1965 | See Source »

...Harrow graduate who is already enrolled at Oxford at the age of 17. By so doing, Hussein took the crown rights from his own infant son, three-year-old Prince Abdullah. He feared Jordanians would reject Abdullah as King because the child's mother, Princess Muna (formerly Toni Gardner), was a British commoner. After the decision was announced, Princess Muna flew abruptly to Britain for a "medical checkup," taking Abdullah and his little brother with her. It was her second trip home to see the doctor within a month, but spokesmen at Hussein's palace in Amman denied...

Author: /time Magazine | Title: Middle East: Two to Watch | 4/9/1965 | See Source »

...Hong Kong. Last year it sold more than $1,000,000 worth of land, mostly to Chinese investors. Operating on a still larger scale is Miami's General Development Corp., whose chairman is Charles Kellstadt, ex-chief of Sears, Roebuck, and among whose major stockholders is Publisher Gardner Cowles. It reports $4,000,000-a-year sales of Florida realty to investment-minded Europeans and Latin Americans. The firm sometimes charters flights for foreign prospects, who get a $125 discount if they...

Author: /time Magazine | Title: Investment: Land in the Sun | 3/5/1965 | See Source »

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