Word: hellers
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...week in Manhattan, predicted that America's gross national product will expand another 2.8% during 1987, compared with an estimated 2.4% this year and 2.9% in 1985. "I see no real break in the stride of the expansion. It will be long but not strong," said Board Member Walter Heller, who served as chairman of the Council of Economic Advisers for Presidents Kennedy and Johnson...
...shopping spree paid for by a heavy load of installment debt. Just this past fall, millions of consumers rushed to the auto showrooms to take advantage of cut-rate financing offers. "They won't head for the hills now, but they will pull in their horns a little," said Heller. This season's Christmas receipts are expected to be good but not glorious; last week the Commerce Department announced that retail sales in November posted a .5% gain over the previous month...
...speculation that the Reaganites might wrest power from Chairman Paul Volcker, and perhaps even goad him into resigning, has proved to be off the * mark. Despite a brief, publicized dispute over a discount-rate cut in February, the Reagan appointees -- Johnson, Martha Seger, Wayne Angell and H. Robert Heller -- have generally worked well with Volcker and his allies Henry Wallich and Emmett Rice. Only Seger, a former Michigan bank regulator, has publicly sniped at Volcker. One of her complaints: the central bank's staff, which answers to the chairman, does not keep the other Fed governors fully informed...
...show's vocals are Company's real strength. Not only do we get seasoned singers from the ranks of the Krokodiloes and the Opportunes, but director Klobucher has found some great new talent in Lisa Balabanian (Marta), and Beth Heller...
...that the gross national product grew at the respectable annual rate of 2.4% for the three months ending with September. The sharp improvement over the all but lifeless .6% growth in GNP that was posted during the second quarter at least momentarily quieted fears of a downturn. Says Walter Heller, a professor of economics at the University of Minnesota: "There is no recession in sight...